The Live Nagpur
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary

The Live Nagpur

  • Home
  • City
  • Politics
  • Business
  • Education
  • Entertainment
  • Sports
  • Health
  • Crime
  • Forest
  • Featured
  • Vidarbha
Nation

Salary Changes from April 1 for Central Government Employees

by TLN Team March 11, 2021March 11, 2021
written by TLN Team March 11, 2021March 11, 2021
Salary Changes from April 1 for Central Government Employees

Central Govt to implement New Wage Code Bill 2021 from April 1

In a fresh development under the 7th Pay Commission system, the Government of India is likely to implement New Wage Code Bill 2021 or new labour law which is to be in effect from April 1. After the implementation of the new bill, the salary, provident fund, and gratuity of the Central government employees will be impacted. And also change in official working hours and take-home salary.

It is worth mentioning here that the Central government employees were waiting for the announcement of an increase in Dearness Allowance (DA), if this New Wage Code Bill 2021 comes into effect, then employees will have a mixed experience as there will be both advantages and disadvantages. As per reports, the contribution to provident fund will rise while in-hand salary will come down.

Moreover, the New Wage Code Bill 2021 proposed by the government has the provision to have the basic salary of the employees at 50 per cent of one’s net monthly Cost to Company (CTC) and hence the changes would affect the basic pay structure of an employee. Subsequently, it will also affect PF, Gratuity, Dearness Allowance, Travel Allowance and House Rent Allowance.

According to the New Wage Code Bill 2021, employees will be entitled to gratuity even if they have been employed for just one year. However, right now, employees are getting gratuity after five years of continuous work in the same company. If the New Wage Code Bill 2021 is implemented, then it will be for the first time after independence that any changes have been made in the labour laws.

As per current rules, 12 per cent of basic salary now goes to PF. When the basic salary becomes 50 per cent of the CTC, the contribution to the PF will automatically increase.

0 comment
FacebookTwitterLinkedin
TLN Team

previous post
Strict Lockdown in City from March 15 to 21
next post
Gadkari, Rijju reviewed the progress of Deendayal Upadhyay Sports Complex in Nagpur

You may also like

Govt extends Rs 200 LPG cylinder subsidy by...

March 25, 2023

Dog chasing Lion in Gujarat, watch video

March 24, 2023

Rahul Gandhi disqualified as MP, day after conviction...

March 24, 2023

Apply for job in US in tourist or...

March 24, 2023

Director Pradeep Sarkar known for Mardaani, Pareenita passes...

March 24, 2023

IPL introduce Umpire’s signal for “Impact Player” rule

March 23, 2023

Smriti Irani dances on ’Roop Tera Mastaana’ ,...

March 23, 2023

Railway to lower AC 3-tier ticket price

March 23, 2023

Two drunk Indigo flight passengers create ruckus mid...

March 23, 2023

Air India to launch Mumbai-Pune flight from March...

March 23, 2023

Trending News

  • Asia Cup 2023 in Pakistan, England likely to host India’s matches

    March 24, 2023
  • Salman Khan receives threat on email from Bishnoi gang, FIR filed

    March 19, 2023
  • Leopard from Pakistan enters Indian territory, watch video

    March 19, 2023
  • New COVID protocol for cricketers ahead of IPL 2023

    March 19, 2023
  • COVID-19 pandemic likely to settle as seasonal flu : WHO

    March 19, 2023

Important Links

  • Politics
  • Crime
  • Business
  • Education
  • Entertainment
  • Sports

Available on Playstore & Coming Soon on Appstore

Search

March 2021
M T W T F S S
« Feb   Apr »
1234567
891011121314
15161718192021
22232425262728
293031  

Sign-Up Form

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Footer Logo
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary
  • Privacy Policy
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us

© 2020 - The Live Nagpur . All Rights Reserved.