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 early trade on Friday, the Indian rupee has slipped to the lowest level of Rs 79.11 against th
'Appear by 3 PM tomorrow...', DGCA summons IndiGo CEO Pieter Elbers again over the IndiGo crisis.
Following the Indigo crisis, the government's strict action now looms over the airline's senior o
The White House on Friday (local time) made remarks to Russian President Vladimir Putin against t
JNU UGC: JNU Vice Chancellor met UGC President, discussed various issues
Jawaharlal Nehru University Vice Chancellor Shantisree Dhuli Pandit has met UGC President M Jagad
On Congress leader Rahul Gandhi calling the exit polls (Exit Polls 2024) a 'Modi Media Poll' and
Comedian Samay Raina's statement is to be recorded on the YouTube show 'India's Got Latent' contr
Record Rs 12.11 trillion transactions from UPI in the festive month of October, see details
UPI Transactions: The Unified Payments Interface (UPI) platform processed 7.3 billion transaction
The entire staff of BJP leaders is going to enter the electoral fray in the Himachal Pradesh Asse
The air in Delhi-NCR has once again become a burden on people's breathing. Due to the drop in tem
In the West Bengal teacher recruitment scam case, the ED will question and answer former minister
