Take-home salary, PF, working hours to be changed? Key points about new labour codes
India Today
If implemented, these labour codes could pave the way for a change in working hours, PF contributions and in-hand salary for employees.
Your take-home salary, contribution to the Employees' Provident Fund (EPF), and working hours could change if the central government implements four labour codes.
The government is mulling implementing the new set of labour codes from July 1, this year.
If implemented, these labour codes could pave the way for an increase in working hours, PF contributions and a decrease in in-hand salary for employees.
The government believes that these labour codes would bring another wave of reforms. Earlier in April, Union Labour Minister Bhupender Yadav exuded confidence that four labour codes would be implemented soon as around 90 per cent of states have already come out with draft rules, PTI reported.
In 2019 and 2020, 29 central labour laws were amalgamated, rationalised and simplified into four labour codes, viz, the Code on Wages, 2019; the Industrial Relations Code, 2020; the Code on Social Security, 2020; and the Occupational Safety, Health & Working Conditions Code, 2020, the PTI report says.
Under the new laws, if implemented, employers or companies can increase the working hours from 8-9 hours per day to 12 hours a day. However, if daily working hours are increased, then employers have to offer three weekly offs to employees.
Under the new laws, the weekly working hours have been capped at 48.
