A lot is in the talks about the new labour laws to be implemented in India from July 1. As per law, employees can work for a lesser number of days per week, i.e, instead of working for 5 or 6 days, they can work for just 4 days. Having said that, companies have been allowed to increase the work hours per day from up to 9 hours to 12 hours. Also, companies cannot force employees to work beyond 48 hours, according to the law.
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Mandatory Working Days Per Year Reduced From 240 To 180
The mandatory working days in a year have been cut down from 240 days to only 180 days. This obviously means employees can enjoy more holidays. Thus, planning weekend getaways will get much easier now. Those staying in Delhi can escape to the hills of Himachal or Uttarakhand. Mumbaikars can plan a visit to Lonavala, Karjat, Alibaug, Mahabaleshwar and other nearby scenic locations.
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In-Hand Payment Might Reduce
The new law has directed an increase in the Provident Fund ( PF) amount from employees and employers. Provident Fund is an amount of money deducted from the salary of employees and they accumulate as savings under the government. They can be collected by the employees after retirement. The PF deduction from the salaries is likely to increase every month. Thus, in-hand salary might come down. But it will allow employees and employers to save more for retirement. The gratuity amount will also be hiked.