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HomePersonal FinanceNew Labor Law : Good news for employed people! If more than...

New Labor Law : Good news for employed people! If more than 30 days leave is left then you will get extra payment in return.

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New Labor Law: Major changes will be made in the labor laws to create a better balance between work and life of the employees in the country. There is talk of changes in four new labor laws.

If this happens, then employees will get additional money if there are more than 30 days of leave left from the company. This information has been given in many media reports. Keep in mind that this rule has not been implemented yet.

If you have filed Income Tax Return (ITR) and your refund has not yet come, then this news is for you. Actually, taxpayers make some mistakes while filing ITR, due to which the refund received gets delayed or gets stuck. We are going to tell you about 5 such mistakes, which are very important to keep in mind during ITR filing.

What has changed in the new law?

According to media reports, according to the Occupational Safety, Health and Working Conditions Code (OSH Code), 2020, an employee should not have more than 30 days of paid leave left in a calendar year. If the employee has more than 30 days of paid leave, the company will have to pay extra for more than 30 days.

The purpose of the government behind bringing this law is that people can get at least one fixed leave in a year and better working conditions code can be implemented for them.

Labor law passed by Parliament

However, there has been a demand for implementing labor code rules in India for a long time. It is worth noting that in India four labor laws have been passed and notified by the Parliament for a long time. These labor laws are codified by the Central Government as well as State Codes. Therefore, it will have to be passed in the states also. Even after this, it will be implemented equally in the entire country.

What are the changes happening in the new labor rules?

Under the new labor laws, employees will get two days leave in addition to extra money on leave after 30 days. But working hours will increase during the remaining days of the week.

Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
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