The Labour Welfare Department of Assam has issued a crucial notification regarding the Variable Dearness Allowance (VDA) for employees and workers engaged under Private Security Agency Houses on 15th July 2024.
Key Updates:
The rates of Variable Dearness Allowance (VDA) for these workers have been fixed:
- Period Covered: January 2024 to June 2024
- Basis: The VDA rates are determined based on a 100% rise in the average All India Consumer Price Index (CPI) for Industrial Workers
Category of the employees and the new VDA respectively:
- ASO: Previous VDA Cumulated : Rs.5694.56
New VDA : Rs.665.72
Present wages per month : Rs.25060.28
- Supervisor: Previous VDA Cumulated : Rs.4750.20
New VDA : Rs.555.36
Present wages per month: Rs.20905.56
- Gunmen (Armed): Previous VDA Cumulated : Rs.4171.94
New VDA : Rs.487.72
Present wages per month : Rs.18359.66
- Security Guard (Unarmed): Previous VDA Cumulated : Rs.3258.38
New VDA :Rs. 380.92
Present wages per month: Rs. 14339.30
Importance of VDA:
Variable Dearness Allowance is an essential part of workers’ wages, especially in sectors like private security where employees rely heavily on it to cope with inflation and cost of living changes. This update ensures that workers’ compensation reflects the increased cost of living.
Effective Period: January 2024 to June 2024
Effective Date: January 1, 2024
Employers and workers in the private security sector should ensure compliance with the new VDA rates and update their payrolls accordingly.
