Big News: Work in the office will have to be done for 12 hours from October 1, PF will increase but salary will decrease – these rules will change

According to the rules of the Labor Code, the working hours of the employees can be changed to 12 hours.

Labor Code Rules: The Modi government can implement the rules of the Labor Code from October 1. According to media reports, the Modi government wanted to implement the rules of the Labor Code from July 1, but postponed it due to the unpreparedness of the state governments. Now the Modi government has set a target to implement it from October 1.

According to the rules of the Labor Code, the working hours of the employees can be changed to 12 hours. Soon government and private sector employees can see major changes in their salary, gratuity and provident fund (PF).

Important rules related to salary will change from October 1

The government wanted to implement the rules in the new labor code from April 1, 2021, but they were postponed due to lack of preparation of the states and giving more time to the companies to change the HR policy. According to the Labor Ministry, the government wanted to notify the rules of the Labor Code from July 1, but the states sought more time to implement these rules, due to which they were postponed till October 1.

Now the Labor Ministry and the Modi government want to notify the rules of the Labor Code by October 1. Parliament had in August 2019 amended the rules related to three labor codes, industrial relations, safety of work, health and working conditions and social security. These rules were passed on September 2020.

12 hour job

In the new draft law, a proposal has been proposed to increase the maximum working hours to 12. However, there will be. Labor unions are opposing the 12-hour job.

30 minutes will also be considered overtime

In the draft rules of the code, there is a provision to include extra work between 15 and 30 minutes in overtime by counting 30 minutes. Under the current rule, less than 30 minutes are not considered eligible overtime. The draft rules forbid any employee to work continuously for more than 5 hours. Giving employees half an hour’s rest after every five hours

Salary will decrease and PF will increase

As per the new draft rule, the basic pay should be 50% or more of the total salary. This will change the pay structure of most of the employees. With the increase in the basic salary, the amount deducted for PF and gratuity will increase because the money learned in this is in proportion to the basic salary. If this happens, the salary coming to your home will decrease, the PF and gratuity money received on retirement will increase.

Will get more money on retirement

With the increase in contribution to gratuity and PF, the amount received after retirement will increase. With the increase in PF and gratuity, the cost of companies will also increase. Because they will also have to contribute more to the PF for the employees. These things will also affect the balance sheet of the companies.