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New labour laws allow for 4-day work week, increased PF contribution
short by Apaar Sharma / on Thursday, 30 June, 2022
Centre seeks to implement new labour laws from July 1, but several states are yet to ratify regulations, which is a must before implementation. Under the new laws, companies can increase timings to 12 hours with three weekly offs. The basic salary will be at least 50% of gross monthly salary which will increase PF contribution but reduce in-hand salary.
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