Rashmi
Quick Summary
New Labor Laws to Bring Changes for Employers and Workers Four new labor laws are on the horizon, promising significant changes for both employers and employees. These changes will impact take-home pay, contributions to the Employees Provident Fund (EPF), calculations of paid leave, and maximum w
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FAQ :
Non-managerial and non-administrative employees cannot accumulate more than 30 days of paid leave in a calendar year. Any excess leave must be compensated by the employer.
Yes, employees can carry forward annual leave to the next year, up to a maximum of 30 days. If the balance exceeds 30 days at the end of the calendar year, the excess leave can be encashed.
Excess annual leave, beyond the 30-day accumulation limit, will be encashed at the end of each calendar year.
Leave encashment for excess leave will be calculated based on the employee's wages as defined under the Code on Wages, including most allowances on a per-day basis.
The new labour laws have been passed by parliament and notified by the government, but they are currently pending an effective date for implementation.
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