4 days working, 3 days leave in a week! Government can make big announcement in new labor laws
4 days working, 3 days leave in a week! Government can make big announcement in new labor laws
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New Delhi: Under the new labor laws being made in the country, there may be a provision of leave for three days a week in the coming days. Giving information on the announcement made for the Ministry of Labor in the budget on Monday, the Labor Secretary said that the Central Government is considering giving four working days a week and three days paid vacation option with it.

These options will also be placed in the rules in the new labor code, on which the company and employees can decide by a mutual consent. As per the new rules, the government has also included the Labor Code to increase the working hours to 12. The maximum working week limit is 48, so the working days can be reduced from five. The announcement made in the budget on taxation of EPF, the Labor Secretary said that the tax will be levied only on the employee's contribution to invest more than Rs 2.5 lakh.

The contribution from the company will not come under its purview or there will be no burden on it. Also, EPF and PPF cannot be added for discounts. The government has taken this decision due to the large investment made by high paid people and increasing interest expenses. According to the Labor Ministry, only one lakh 23 thousand shareholders out of 6 crore will be affected by these new rules.

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