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.
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Since labour is a concurrent subject, the Centre wants the states to implement these as well in one go.
Many changes have been implemented starting from employee holidays to salaries and working hours have been enacted as a result of this bill.
The Pension Fund Regulatory and Development Authority (PFRDA) in July had opened 'on tap' registration of pension fund managers.
What is the new wage code? Here's how it will affect your salary, PF, pension, gratuity - Many changes have been made under this bill regarding holidays, salary and working hours of the employees.
नए वेज कोड के तहत कर्मचारियों के सैलरी स्ट्रक्चर में बदलाव आएगा, उनकी Take Home Salary में कमी की जा सकती है. क्योंकि वेज कोड एक्ट (Wage Code Act), 2019 के मुताबिक, किसी कर्मचारी की बेसिक सैलरी कंपनी की लागत (Cost To Company-CTC) के 50 परसेंट से कम नहीं हो सकती है.