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Understanding New wage code in 5 simple points, implementation likely from July 1 --Salary, PF, Leaves to be impacted | Personal Finance News - Vimarsana News

Understanding New wage code in 5 simple points, implementation likely from July 1 --Salary, PF, Leaves to be impacted | Personal Finance News

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.

Source: india.com
New wage code from July 1: Changes in Leave, reduced in-hand salary, higher PF, 12 hours work week likely from next month | Personal Finance News - Vimarsana News

New wage code from July 1: Changes in Leave, reduced in-hand salary, higher PF, 12 hours work week likely from next month | Personal Finance News

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.

Source: india.com
New wage code from July 1: 12 hours work-week, changes in Leaves, reduced in-hand salary, higher PF for employees | Personal Finance News - Vimarsana News

New wage code from July 1: 12 hours work-week, changes in Leaves, reduced in-hand salary, higher PF for employees | Personal Finance News

Once implemented, the new wage code will impact working hours, salary restructuring and PF contribution, encashing of Earned Leaves among the prominent ones.

Source: india.com
More earned leaves, 12 hours working, Salary and PF factor-- New changes may kick in from July 1 | Personal Finance News - Vimarsana News

More earned leaves, 12 hours working, Salary and PF factor-- New changes may kick in from July 1 | Personal Finance News

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. 

Source: india.com
12 hours work-week, changes in Earned Leave, reduced in-hand salary, higher PF: Modi govt likely to implement rules from July 1 | Personal Finance News - Vimarsana News

12 hours work-week, changes in Earned Leave, reduced in-hand salary, higher PF: Modi govt likely to implement rules from July 1 | Personal Finance News

Once implemented, the new wage code will impact working hours, salary restructuring and PF contribution, encashing of Earned Leaves among the prominent ones.

Source: india.com