A senior official told PTI that the central government plans to implement four labor codes in the next financial year: wages for workers, social security, industrial relations, and occupational safety, health, and working conditions. If the new pay code comes into force, it will directly affect working hours, pay, and PF contribution.
As the federal government plans to implement the New-Wage Code in the coming fiscal year, a number of rules are changing, including monthly salaries and working days. In this, new protocols regarding working days will be implemented. That is, you only need to work 4 days a week anymore. This will increase your weekend vacation from 2 days to 3 days.
However, you have to work 12 hours a day to get three weekends off. That means employees have to work a total of 48 hours a week. While the working hours of a day are currently 8-9 hours, the working hours will be increased and the days will be reduced.
However, a rule has been added that no employee should be forced to work more than 5 consecutive hours. There is a rule that after 5 hours the employee should be given a half-hour break to relax. Under the new pay scale, your pay will also change. Under this is added the rule that allowances should not exceed 50% of the total salary.
So that will increase your base salary. As a result, provident funds and provident funds will increase. However, your tag home salary may decrease. The new pay scale was earlier scheduled to take effect on April 1 this year.
But then it was postponed and news came out that this male could come into force in October. But now in the coming financial year, the central government is scheduled to implement it.
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