Minimum Wages in Odisha Revised April 2023. Minimum Wages in Odisha Increased From 01 April 2023. Variable Dearness Allowance (VDA) in Odisha Revised Form 01 April 2023. Read the below article for complete details.
The minimum rates of wages in Odisha for the unskilled, semi-skilled, skilled and highly skilled categories of employees in 89 scheduled employments have been revised/fixed by the Government of Odisha. The revised rates of wages will be applicable with effect from 01 April 2023.
Revised Minimum Wages in Odisha From 01 April 2023
Variable Dearness Allowance (VDA) is revised on the basis of the increase in the average Consumer Price Index Number.
In the context of Odisha, the increase in average Consumer Price Index Number for Industrial workers from 365.76 to 378.58 as on 31 December 2022. This means there is an increase of 12.82 points in the average CPI number.
The State Minimum Wages Advisory Board has advised to adopt a system of revision of the special allowance called Variable Dearness Allowance @ Rs. 0.90 per point rise in the Consumer Price Index Number for Industrial Workers (Base 2001-100) as admissible.
Calculation of Payable Variable Dearness Allowance (VDA)
|Increase in average Consumer Price Index Number||12.82 Points|
|Rate of Variable Dearness Allowance||Rs. 0.90 Per Point Per Day|
|Payable Variable Dearness Allowance (VDA)||12.82 x Rs. 0.90 = Rs. 11.53 ( Rs. 12.00 Round Off)|
Hence the Variable Dearness Allowance (VDA) @ Rs. 12.00 per day (after rounding off) shall be payable to the unskilled, semi-skilled, skilled and highly skilled categories of employees in all 89 scheduled employments w.e.f. 01 April 2023 in addition to the minimum rate of wages.
The Latest Minimum Wages in Odisha with effect from 01 April 2023 will be as under:
|Category of Employment||Minimum Wages with VDA per day w.e.f. 01/10/2022||VDA per day w.e.f. 01/04/2023||Minimum Wages with VDA per day w.e.f. 01/04/2023|
|Unskilled||Rs. 333.00||Rs. 12.00||Rs. 345.00|
|Semi-Skilled||Rs. 373.00||Rs. 12.00||Rs. 385.00|
|Skilled||Rs. 423.00||Rs. 12.00||Rs. 435.00|
|Highly Skilled||Rs. 483.00||Rs. 12.00||Rs. 495.00|
For the calculation of monthly salary, you have to multiply Minimum Wages with VDA Per Day by 26.
- Monthly Salary = Minimum Wages with VDA Per Day X 26
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