New Labour Code: Your take-home salary won't reduce soon. Here's why

The new wage rules under the labour code were supposed to be implemented on April 1. However, the Centre has delayed the implementation as states are yet to finalise the rules. Read on to find out when the new labour code rules will be implemented.

The new labour code rules were supposed to be implemented from April 1, but the Centre has deferred it for the time being. The delay has been caused as several states are yet to finalise rules for the implementation of relevant rules under the Code of Wages, 2019. It is unlikely that the new wage code rules will be implemented soon as businesses are facing operational uncertainties amid the second wave of the Covid-19 pandemic. Companies who were worried about the new rules under the new Labour Code will get more time to realign their employee salary structures due to the delay. It also means that the take-home salaries of employees will not be impacted for now.