Wages Code Bill News Today

The question that concerns the industry and employees is how the four labour codes which were passed by Parliament will be implemented.

Highlights Basic salary has to be at least 50 per cent of total salary PF, gratuity components may increase New Delhi: Employees can expect a major change in their salary structures if the government notifies the new wage code. The rules are likely to kick in from April 1. The governments notification on Code on Wages 2019 may reduce the take-home pay of employees.  Under the new rules, allowances would be a maximum of 50 per cent of the total salary. This will result in mandatory changes in a...

Highlights Salary structure of employees is also likely to change New rules for overtime may kick in New Delhi: The maximum working hours in offices could be increased to 12 hours. The new rule could kick in from April 1. The central government is bringing a slew of new rules which would affect the working population. It is all part of the changes introduced in the Wages Code Bill which was passed in Parliament last year.   According to the new law, 15-30 minutes of extra work done would qual...