New Labor Code: Modi government is going to bring a new labor law. If it came into effect from 1st July (July 1, 2022), then only four days of work would have to be done in a week. At the same time, your PF contribution will also increase. But after the implementation of this rule, the in-hand salary will be reduced. Let us know what will change after the implementation of the new labor law?
Three days off in a week!
For a long time, there was a demand that there should be three days off in a week. After the implementation of the new labor law, only 4 days of work will have to be done in a week. But the working hours in the day will be increased from 9 to 12. If the company implements a 12-hour work shift, then it will have to give three days off to the employees. That is, employees will have to work 48 hours a week. Let us tell you, in the 12-hour shift, the employees will get half an hour of leave twice a day.
How will the implementation of the new labor law affect your pocket?
According to the new labor code, the total salary of the employee should be 50% or more of the basic salary. If this happens then your PF contribution will increase. This will result in huge savings for the employees. At the same time, in hand salary will be reduced. However, after the implementation of the new labor code, the pension amount will also increase. Apart from this, there may also be an increase in medical insurance, and incentives.
Let us tell you, earlier it was to be implemented on October 1, 2021, only. But then because of the assembly elections of 5 states, the central government did not implement it. In such a situation, it is believed that the government can implement it from July 1. However, all these are still speculations. No announcement has been made by the government regarding its implementation.
After Srilanka-Pakistan, why has the economy of Bangladesh become crispy now?
Tens of thousands of people are taking to the streets in Dhaka to protest against the Bangladeshi
March 8, 2026, has been etched in the golden pages of Indian cricket history. The Indian team won
LSG star Digvesh Rathi gets a big punishment for 'notebook' celebration, BCCI imposes a hefty fine
Lucknow Super Giants spinner Digvesh Singh Rathi had to pay heavily for doing a 'notebook' celebr
Sunny Deol's Gadar 2 is hitting the theaters. Viewers are reaching out to watch this film in larg
Geetanjali Iyer, a well-known television anchor of the nineties, is no more with us. There is a w
Indian fast bowler Jasprit Bumrah may be out of IPL 2023. On the other hand, if India reaches the
Gadar 2 Director Anil Sharma Talks About Seema Haider- Sachin Meena: Sunny Deol and Ameesha Patel
Gun Firing In USA: America shaken by back to back firing incidents, 11 including 2 students killed
Firing in America: Once again incidents of firing have come to the fore in America. There have be
The Maharashtra Administrative Tribunal had directed the government to make a provision for trans
Prime Minister Narendra Modi met the champion Indian team at his residence in Delhi. During the m
