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
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
7th Pay Commission: Central govt pensioners to get DA gratuity, cash payments
The Finance Ministry has issued a memorandum, according to which, the government is all set to release gratuity for dearness allowance to pensioners retiring in-between of January 1, 2020, to June 30, 2021.
Sep 23, 2021, 10:39 AM IST
Big news for central government employees! Dearness Allowance amount to calculate gratuity, leave encashment enhanced --Check out the new table
For the central government employees retired during the period from January 2020 to June 2021 --calculation of gratuity and cash payment in lieu of leave based on Dearness Allowance has been enhanced.
Sep 10, 2021, 16:14 PM 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
7th Pay Commission latest update: Good news! Your take home pay will not take a hit from April 1
It was previously reported in the media that the government's notification on Code on Wages 2019 may reduce the take-home pay of employees next financial year ie, April 2021.
Mar 31, 2021, 18:13 PM IST
Indian companies to give bumper salary hike in 2021, but your take home pay will still not increase --Here's why
Companies in India are 7.7 percent salary increase in 2021, one of the highest among the BRIC nations, and higher than the average actual increase of 6.1 per cent in 2020, Global professional services firm Aon Plc that released insights from its latest Salary Increase Survey in India said.
Feb 25, 2021, 10:09 AM IST
7th Pay Commission latest update: Modi Govt raises THIS ceiling by nearly 3-fold from Rs 45,000 to Rs 1.25 lakh
Since the highest pay has been revised to Rs 2,50,000 per month after the implementation of 7th CPC recommendations, therefore the amount prescribed in Rule 54 (11) of CCS (Pension) Rules has also been revised to Rs 1,25,000 per month being 50 per cent of Rs.2,50,000 and Rs 75000 per month being 30 per cent of Rs 2,50,000.
Feb 15, 2021, 15:53 PM IST
Your CTC structure likely to be overhauled as govt set to implement new wages code
On February 8, Labour Secretary Apurva Chandra in a media briefing said that he Ministry of Labour and Employment is likely to complete the process to finalise the rules under the four labour codes paving the way for making reforms are reality soon.
Feb 15, 2021, 09:23 AM IST
7th Pay Commission latest news: EXPLAINED! How your salary, PF, Gratuity may be affected after new Wage Code implementation
On February 8, Labour Secretary Apurva Chandra in a media briefing said that he Ministry of Labour and Employment is likely to complete the process to finalise the rules under the four labour codes paving the way for making reforms are reality soon.
Feb 12, 2021, 09:26 AM IST
7th Pay Commission: Latest updates on pay structure, PF, gratuity, DA, DR and arrears
It has been widely reported in the media that the Modi government may increase dearness allowance by up to 4 percent, leading to a substantial hike in the salary of the central government employees which will cheer up 50 lakh central government employees and 61 lakh pensioners.
Feb 10, 2021, 17:10 PM IST
7th Pay Commission latest news: Your take home pay to take a hit but PF, gratuity contribution may change from April 2021?
On February 8, Labour Secretary Apurva Chandra in a media briefing said that he Ministry of Labour and Employment is likely to complete the process to finalise the rules under the four labour codes paving the way for making reforms are reality soon.
Feb 10, 2021, 12:53 PM IST
7th Pay Commission latest update: No need to pay Income Tax for availing THIS facility
It is also proposed to clarify that where an individual claims and is allowed exemption under the second proviso in connection with prescribed expenditure, no exemption shall be allowed under this clause in respect of same prescribed expenditure to any other individual.
Feb 05, 2021, 15:07 PM IST
7th Pay Commission latest update: Here's why your take-home pay may reduce from April 2021 but Gratuity, PF component may rise
A couple of months ago, the government notified draft rules under Code on Wages 2019, following which take-home pay of employees may be reduced from next financial year ie, April 2021 because the draft rule required companies to restructure their salary break up. This also means that there will be a consequent rise in gratuity and PF contribution of the employee.
Jan 31, 2021, 14:16 PM IST
7th Pay Commission latest update: Big changes likely in Salary, DA, PF, Gratuity, travel allowance; know details here
According to fresh media reports, the government has decided to increased dearness allowance by 4 percent, thus meaning, the dearness allowance of central employees will increase from 17 percent to 21 percent. Although the benefit of the allowance will start coming from January, there has been no official announcement regarding this.
Jan 28, 2021, 12:53 PM IST
Working hours to be limited to 8 hours a day; overtime pay to be twice that of regular salary: Reports
As per the new wage rules, any employee working between 15 minutes to 30 minutes time post the regular work hour will be considered as doing a half-hour overtime.
Dec 30, 2020, 18:57 PM IST
Your take-home pay may reduce from next year; Gratuity, PF component may rise: Know why
The draft rules on Code on Wages 2019 mention that employees' allowance component cannot exceed 50 percent of the total pay package.
Dec 09, 2020, 12:36 PM IST
