The new labor law in the New Year 2022 (New Labour Code) may apply. After the implementation of the new wage code , from the salary of the employees to their holidays and their working hours will also change. New Ways code (New Wage Code) says, will have to work only four days a week and will leave three days.
However, the new code (New Wage Code) 8 hours will have to work every day for 12 hours instead of work, said. However, the Ministry of Labor has made it very clear that the rule of 48 hours of working every week will remain in force.
What’s in the law
The earlier rule will also be applicable in the new Wage Code . After the implementation of the new Wage Code , it will not happen that the earlier rule will be completely abolished. This will continue as per convenience. Those who want to work for eight hours, they will get only one day off in a week. Giving information about this, a senior official said, at least 13 states have prepared the draft rules for these laws. Let us tell you, after the implementation of the new Wage Code , many such provisions have been made in it, which will affect even the workers working in mills and factories, including the salaried employees working in the office.
Center gave final shape
Four labor codes on wages, social security, industrial relations and occupational safety and health and working conditions are likely to be implemented by the next financial year. The Center has finalized the rules under these codes and now states have to make their own rules, as labor is a subject in the Concurrent List. The four labor codes are likely to be implemented by the next financial year, the official said. A large number of states have finalized their draft rules, he said. The Center had completed the process of finalizing the draft rules for these codes in February 2021, but since labor is a concurrent subject, the Center wants states to implement it simultaneously.
Salary in hand will get less PF more
Experts say that with the new law, there will be a big change in the way of calculation of Basic Salary (Basic) and Provident Fund (PF) of employees. On one hand, the contribution of employees in the PF account will increase every month. But the pay in hand (take home) will decrease. In the new labor code, the allowances have been capped at 50 per cent. This will make the basic salary 50 percent of the total salary of the employees. PF is calculated on the basis of percentage of Basic Pay which includes Basic Pay and Dearness Allowance.
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