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New Labor Code 2022: Big update for employees, 3 days holiday rule will be applicable from this month – taxgst.com

New Labor Code 2022: There has been talk of a new labor law coming for the employee for a long time. Now a big update has come out regarding this. State Minister Rameshwar Teli has said in a written reply in the Lok Sabha that this law will be implemented at the earliest.

But no date has been fixed for this. According to media reports, the central government can implement the new labor laws from October 1. It was already being discussed to implement it from July 1. Let us know below how these laws are going to affect the employees.

Will have to work 48 hours in 1 week

According to the New Labor Code 2022, employees will have to work 48 hours in a week. Employees will have to work 12-12 hours in the office for 4 consecutive days. During this 12 hours, they will get half an hour leave twice a day. But the good thing is that after working for 4 days 12-12 hours, the employees will also be given 3 days leave. Let us tell that for a long time this complaint of the employees was coming out that due to work they are not able to give time to the family. This will remove this problem.

PF of employees will increase

In the new Labor Code, it has been taken care that the contribution in PF will be increased so that people doing jobs in private sector do not face any shortage of retirement money. After the implementation of these laws, 50 percent or more of the basic salary will be contributed to the PF. Secondly, this means that your in hand salary will be reduced. But there is no need to worry, your money will remain in PF account. The employees’ gratuity will also increase as compared to earlier.

Full and final settlement will be done in 2 days

According to the information, if the employee leaves the job or is sacked, then the company will have to do full and final settlement in 2 days. At present, companies take time up to 45 days. It is worth noting that the new Labor Code has been passed by the Parliament. In such a situation, just waiting for when it will be implemented.

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