7th Pay Commission Latest News: Amidst Corona crisis, a big news is coming for the government employees. It is being told that three laws may come into force from April. In which there will be a big change in the employees’ gratuity, provident fund and working hours.
Employees’ gratuity and provident funds will increase, but the money in hand will decrease. It is being told that the balance sheet of companies can also be affected. The reason behind this is being told that the three Wage Code Bills passed last year may come into force from April 1 this year. Stay with us to keep updated with every latest news in Hindi related to increase in gratuity and provident fund of government employees in April .
It is being told that with its implementation allowances will be maximum 50 percent of the total salary. The increase in the basic salary will increase the provident fund, but there will be a reduction in the salary in hand.
On this, the Regional Commissioner of the Employees Provident Fund Organization said, “Increase in contribution to gratuity and provident fund will increase the amount received after retirement. He said that after retirement, it will be easier to live a pleasant life.
What will be the loss, what will be the gain
The biggest benefit from the change in this new wage rule will be that the amount received after retirement will increase. Although it is being told that the benefits of the new wedge rule are less, the disadvantages are more. The biggest disadvantage of this is that employees will get less salary.
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