New Labour Law From July 1: Reduced In-Hand Salary And Increased PF Contribution Under New Wage Code
As per the new labour code, companies can increase the working hours but would have to give an additional weekly off.
Source: ndtv.com
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Interest earned from Provident Fund (PF) account: New income tax rules explained
Provident Fund: From 1 April 2022, PF accounts are likely to be divided into two parts - taxable and non-taxable accounts
Source: livemint.com
New office rules: Working hours could be increased to 12 from April 1
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 qualify as overtime. Currently, less than 30 minutes of extra work is not considered for overtime.
Source: india.com