Government of Karnataka revises the minimum rates of wages and VDA for the employment in private finance corporations & chit funds

Aug 23, 2019 | by Avantis RegTech Legal Research Team

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Labour Compliance

The State Government of Karnataka has revised the minimum rates of wages and Variable Dearness Allowance (VDA) for the employment in private finance corporations & chit funds and of legally recognized financial establishments with effect from April 01 to March 03, 2020.

The minimum rates of wages have been revised for certain class of employment:

1. Skilled workers: Supervisor, training officer, field representative, advisor, pigmy agent, bill collector, assistant, helper, cleaner, office boy.

2. Drivers / Cleaners: Car or Jeep or engine Driver, Car / Jeep cleaner

3. Office Staff:

 Manager / Personal officer

 Assistant Manager / Assistant Personal Manager, 

 Accountant 

 Cashier, Senior clerk, booking clerk,

 Stenographer, computer operator

 store keeper, receptionist, telephone operator

 typist, data entry operator

 Clerk/ Junior Clerk/ Tele Clerk/ Trainee Assistant

 watchman, security guard

 office boy, sweeper, attender

In addition to the basic wages, all category of employees in the state will be paid V.D.A at the rate of 4 paisa per point over and above 6205 points.


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