New Wage Code 2022: Employees with Rs 25 basic pay people will get Rs 1.16 crore, check out this calculation
The central government has notified four labour codes, namely, the Code on Wages, 2019, on August 8, 2019, and the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 on September 29, 2020.
Oct 19, 2022, 14:53 PM IST
New Wage Code: Crucial meeting of Labour Ministry with industry today, discussion on allowance and salary structure on the cards
If it is agreed upon that Allowances cannot be more than 50% in salary, then take home salary will be less and investment in Provident Fund (PF) will increase. The industry believes the new wage code is expected to increase the burden in the short term. Therefore, the industry should get 2-3 months to implement the new rules.
Aug 22, 2022, 09:47 AM IST
Gratuity Scheme to Private and Contract workers of Public Sector, here is what government said
The government had a few months ago said that there would be no change in the gratuity norms.
Aug 19, 2022, 11:03 AM IST
Labour Ministry's BIG update on New wage code! 12 hours work-week, low salary, high PF --Know when it will be implemented
Once implemented, the new wage code will impact working hours, salary restructuring and PF contribution, encashing of Earned Leaves among the prominent ones.
Jul 19, 2022, 12:38 PM IST
New Wage Code to be implemented soon: 5 Key things salaried person needs to know about new Labour laws
The central government had notified four labour codes, namely, the Code on Wages, 2019, on August 8, 2019, and the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 on September 29, 2020.
Jul 06, 2022, 13:27 PM IST
New Wage Code: Key things that salaried employees need to know about new Labour laws
The central government had notified four labour codes, namely, the Code on Wages, 2019, on August 8, 2019, and the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 on September 29, 2020.
Jul 01, 2022, 09:39 AM IST
New Wage Code likely to be implemented from tomorrow: Office timings, salary, PF may change from July 1
The central government had notified four labour codes, namely, the Code on Wages, 2019, on August 8, 2019, and the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 on September 29, 2020.
Jun 30, 2022, 09:13 AM IST
New Wage Code from July 1 likely: 5 things that will impact salaried employees from next week
Here are five things that will be impacted once the New Wage Code is implemented from July 1.
Jun 29, 2022, 14:29 PM IST
New wage code from July 1: From Salary, PF to Leaves, check 5 things that are likely to change from next month
Here are five things that might change if the New Wage Code 2022 is implemented from July 1.
Jun 27, 2022, 15:55 PM IST
Understanding New wage code in 5 simple points, implementation likely from July 1 --Salary, PF, Leaves to be impacted
The central government had notified four labour codes, namely, the Code on Wages, 2019, on August 8, 2019, and the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 on September 29, 2020.
Jun 24, 2022, 11:46 AM IST
New wage code from July 1: Changes in Leave, reduced in-hand salary, higher PF, 12 hours work week likely from next month
The central government had notified four labour codes, namely, the Code on Wages, 2019, on August 8, 2019, and the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 on September 29, 2020.
Jun 21, 2022, 14:31 PM IST
New wage code from July 1: 12 hours work-week, changes in Leaves, reduced in-hand salary, higher PF for employees
Once implemented, the new wage code will impact working hours, salary restructuring and PF contribution, encashing of Earned Leaves among the prominent ones.
Jun 14, 2022, 09:52 AM IST
More earned leaves, 12 hours working, Salary and PF factor-- New changes may kick in from July 1
Among the prominent takeaway from the the new wage code --once implemented -- is its impact on working hours, salary restructuring and PF contribution, encashing of Earned Leaves among the prominent ones.
Apr 27, 2022, 12:50 PM IST
12 hours work-week, changes in Earned Leave, reduced in-hand salary, higher PF: Modi govt likely to implement rules from July 1
Once implemented, the new wage code will impact working hours, salary restructuring and PF contribution, encashing of Earned Leaves among the prominent ones.
Apr 22, 2022, 13:39 PM IST
Companies in UK starting four-day work week, any cue for India to opt for same soon?
The trial program will begin in June, while the participating companies will allow employees to work for 32 hours per week.
Jan 21, 2022, 17:00 PM IST
4-day work-week, reduced in-hand salary, higher PF: New Wage Code likely in FY 2022-23
Since labour is a concurrent subject, the Centre wants the states to implement these as well in one go.
Dec 21, 2021, 10:29 AM IST
Renewed salary structure from July! New Wage Code may be implemented, working hours, holidays likely to be affected
The new wage code was to be implemented from April 1, but the Ministry of Labour postponed it. Media reports said that if the same is implemented from July, then there can be a big change in the salary structure of the job seekers.
Jun 03, 2021, 15:35 PM IST
Employees to get overtime salary for working 30 minutes extra in office, Modi govt's new rules in the offing?
Wage Code Bill (Code on Wages Bill 2019) was passed in Parliament in 2019. The government wanted to implement the rules in the new labor code from April 1, but had to defer it to allow more time to states to prepare and also to companies for changing their HR policy.
Apr 23, 2021, 12:17 PM IST
Employees will have to work for 12 hours, take-home salary to be reduced, PF to be increased? Read latest updates here
The new rules will likely affect the salary structure of high-paid employees with a high allowance component. Increasing PF and gratuity could also increase the cost of companies as their contribution towards these would increase proportionately.
Apr 16, 2021, 10:07 AM IST
