New Labor Code: In-hand salary can be reduced from July, holidays may increase-

The central government can implement all the four new labor codes from July 1. These labor codes are related to wages, social security, industrial relations and occupational safety.

Under the new rules, 8-9 hours of working will be reduced to 12 hours. At the same time, the leave available for two days will also be increased to three days. This means that there will be four working days in a week, although this will not affect the total working hours in a week. According to the new code bill, the total working hours in a week will be 48.

There will also be a lot of change in the take-home salary of the employees as under the new labor code, the basic salary will be at least 50 percent of the total salary. This will also increase the PF contribution made by the employees and employers.

The central government had prepared the final draft of these four codes in February 2021 itself. Before that, the government had notified the Code of Wages 2019 on 08 August 2019. Similarly the Industrial Relations Code 2020 (Industrial Relations Code, 2020), Code on Social Security 2020 (Code on Social Security, 2020) and Occupational Safety, Health and Working Conditions Code 2020 (Occupational Safety, Health and Working Conditions Code, 2020). Was notified on 29 September 2020. The code has been passed in the Lok Sabha but the states have the right to decide on labor.