From Work Hours To Take-Home Salary: Centre plans to implement new labour laws from July 1; Check details here
New labour laws: Here is everything you need to know about it.
New Delhi : Centre is planning to implement new labour laws from July 1. According to reports, the in-hand salary, contribution to Employees’ Provident Fund and working hours could also be changed.
In the newly prescribed wage codes have planned a series of modifications, where an employee’s working hours can be increased, there could be changes in the PF contributions, as well as the in-hand salary for the employees can be decreased.
According to reports, it is said that the Government is in the process of implementing the new labour codes from July 1.
However, there are also reports that few states are yet to frame the rules under all four labour codes. So far only 23 states and Union Territories (UTs) have published the draft rules under the Code on Wages.
About working hours?
It is said that as per the new laws, the companies can increase the working hours from 8-9 hours a day to 12 hours. But, the organisation will have to offer three weekly offs to their employees.
How many days will employees work?
Despite four working day in a week, the total working hours will not be affected. Also, the new wage code mandates total working hours of 48 per week.
Take home salary
Under the new wage code, the employees’ take-home salary will also be changed. It is said that the basic salary will be at least 50 per cent of the gross monthly salary. With this new wage code, the PF contributions made by employees and employers will also be increased.
The employees of the private sector will sea the difference in the in-hand salary.
Also, gratuity amount will increase under the new labour laws.