#Code on Wages 2019

.New Delhi, Delhi, India
The Centre is expecting to implement the new labour codes on April 1 this year. (Photo credit: Representative image/Pixabay)

  • The new labour codes propose to offer companies the flexibility to reduce working days below five
  • However, the working limit of 48 hours per week will remain 'sacrosanct'
  • The government is considering the proposal after objection were raised by trade unions

.New Delhi, Delhi, India
At present, most private companies set the non-allowance part at less than 50%. (Photo Credit: Unsplash)

  • The new compensation rules are part of the Code on Wages 2019
  • The changes are likely to become effective from April 2021
  • The new rules states that the allowance component cannot exceed 50% of the total salary