New Wage Code 2021 New Wage Code Bill 2021 New Wage Code Implementation Date


New Wage Code 2021: The Central Government is going to implement a new law soon, after which you can get 3 days off in a week. Along with this, there will be many changes in Take Home Salary and Provident Fund (PF Details). After the arrival of this new labor code or new wage code bill 2021, the employed and laborers will get a lot of benefits, but the date of its arrival is not yet fixed. However, it is believed that in the new year, the government can implement it.

13 states have made preparations
Let us tell you that 13 states have made preparations for this, that is, have made its rules and the remaining states are also working on it. So in this way the employed people will get big relief soon.

The rule of 48 hours work will remain the same
Let us tell you that there are many special provisions in the new wage code, after which the working hours in the office will be increased to 12 hours and the rule of 3 days leave will also be brought. At present, some unions are questioning the rule of 12 hours work and 3 days off. On this, the government has said that only 48 hours of work in a week will be the rule.

PF contribution will increase
Apart from this, experts believe that with the new law, the way of calculating basic salary and PF of employees will also change. After its implementation, on the one hand, the contribution of employees to the Provident Fund will increase every month. At the same time, the take home salary will be reduced. In the new wage code, the allowances have been capped at 50 per cent. With this, 50 percent of the total salary of the employees will be the basic salary.

What is New Labor Code?
The government has made 4 new codes by combining 29 central labor laws. These include Industrial Relations Code, Code on Occupational Safety, Health and Working Conditions Code (OSH), Social Security Code and Code on Wages. Let us tell you that 50 percent of the salary will be directly included in the wages. New laws related to labor reforms have been passed by the Parliament. Now to implement them.

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