The government has officially notified four new labour codes aimed at creating a uniform wage and social security system for workers across India. These codes — Code on Wages, Industrial Relations Code, Code on Social Security, and Occupational Safety, Health and Working Conditions (OSH) Code — promise timely wages, equal pay, better safety, and wider social security coverage.

Here are the that workers and employers need to know:

1. New Wage Structure

Wages will include .

Deductions cannot exceed , which means a higher basic pay but a lower take-home salary. Social security benefits like PF, gratuity and maternity benefits will be calculated on a larger wage portion.

2. National Floor Wage

A will be set by the Central government. No state can fix minimum wages lower than this.

Dif

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