New Wage Code: The Modi government is preparing to make changes in the rules of labor law from October 1. If this rule is implemented, then your office hours will increase from October 1.
New Delhi . There is going to be a big change for the employed people from October next month. The Modi government is preparing to make changes in the rules of labor law (New Wage Code) from October 1. If this rule is implemented, then your office hours will increase from October 1. In the new labor law, it has been said to work for 12 hours. Apart from this, your in-hand salary will also be affected by this law. Let us know what effect the new labor code can have on you.
Important rules related to salary will change from October
1 was postponed. According to the Labor Ministry, the government wanted to notify the rules of the Labor Code from July 1, but the states sought more time to implement these rules, due to which they were postponed till October 1.
Now the Labor Ministry and the Modi government want to notify the rules of the Labor Code by October 1. Parliament on August 2019 changed the rules related to three labor codes, industrial relations, safety of work, health and working conditions and social security. These rules were passed on September 2020.
Jobs can be of 12 hours In the
new draft law, a proposal has been introduced to increase the maximum working hours to 12. However, the labor unions are opposing the 12-hour job. In the draft rules of the code, there is a provision to include extra work between 15 and 30 minutes in overtime by counting 30 minutes. Under the current rule, less than 30 minutes are not considered eligible overtime. The draft rules forbid any employee to work continuously for more than 5 hours. Employees will have to give half an hour’s rest after every five hours.
Salary will decrease and PF will increase
According to the new draft rule, the basic pay should be 50% or more of the total salary. This will change the pay structure of most of the employees. With the increase in basic salary, the amount deducted for PF and gratuity will increase because the money learned in this is in proportion to the basic salary. If this happens, the salary coming to your home will decrease, the PF and gratuity money received on retirement will increase.
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
