Dear Colleague,
The Code on Wages, 2019 ("Code"), which was enacted on August 8, 2019, will become effective from the date to be notified by the Central Government. The Government aims to implement the Code, along with the other three labor codes, by the current FY 2022-23.
The new wage code is set to be implemented anytime after April 2022. Though the new wage code was introduced in 2019, according to some senior officials, it is likely to be implemented in this fiscal year. The new wage code will impact working hours, salary restructuring, and also the PF contribution of the employees.
As per an official report, at least 13 states in India have pre-published drafts on the new wage code 2022. The Centre completed the process of finalizing the draft rules of the new wage code and the other labor codes in February 2021 and notified the new wage code on August 8, 2019. The Central Government wants the states to implement the new wage code along with the other labor codes all at once since labor is a concurrent factor.
Hence, we need to wait for the official notification of the effective date.
From India, Chennai
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321The Code on Wages, 2019 ("Code"), which was enacted on August 8, 2019, will become effective from the date to be notified by the Central Government. The Government aims to implement the Code, along with the other three labor codes, by the current FY 2022-23.
The new wage code is set to be implemented anytime after April 2022. Though the new wage code was introduced in 2019, according to some senior officials, it is likely to be implemented in this fiscal year. The new wage code will impact working hours, salary restructuring, and also the PF contribution of the employees.
As per an official report, at least 13 states in India have pre-published drafts on the new wage code 2022. The Centre completed the process of finalizing the draft rules of the new wage code and the other labor codes in February 2021 and notified the new wage code on August 8, 2019. The Central Government wants the states to implement the new wage code along with the other labor codes all at once since labor is a concurrent factor.
Hence, we need to wait for the official notification of the effective date.
From India, Chennai
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