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.
In the 41st match of IPL 2024, Sunrisers Hyderabad faces Royal Challengers Bangalore. After winni
Thanks to Hardik Pandya's all-around performance and Rishabh Pant's first ODI century, Team India
The NCP has taken a jibe at the removal of Nitin Gadkari, one of the top BJP leaders from the par
IND vs ENG: Rohit-Rahul failure, bowlers beating fiercely, 5 big reasons for India's defeat
In the second semi-final of the T20 World Cup 2022, England defeated India by 10 wickets to enter
China is once again giving a loan of $1.3 billion to Pakistan which is on the verge of bankruptcy
Risk of loan default on Pakistan deepens, Fitch downgrades rating; issued this warning
Another bad news for the beleaguered Pakistani economy. After a sharp decline in foreign exchange
'Yogi Adityanath comes to Maharashtra and...', Owaisi targets UP CM, calls SP's cycle 'punctured'
In Dhule, Maharashtra, All India Majlis-e-Ittehadul Muslimeen President Asaduddin Owaisi has once
The issue of providing additional water to Delhi does not seem to be resolved. After the Supreme
OMG 2 Advance Booking Collection: On the occasion of Independence Day, there is going to be a hug
The National Examination Agency (NTA) has announced new dates for the UGC-NET 2024 exam. However,
