🟥1st April 2021 बदलेगी Salary Definition | New Wage Rule | How Salary and CTC will be impacted?

[@LabourLawAdvisor]

Share this video with all your colleagues, employers! COURSES: labourlawadvisor.in/link/LPTI DEMAT ACCOUNT: link.labourlawadvisor.in/demat File ITR: labourlawadvisor.in/link/tax

[@anuragpathak2848]

@Labour Law Advisor What if the organization is paying flat 1800 pf, will this get affected by this law

[@suriyajeetmandal2077]

Sir kya ek hi time mein 2 company mein kam kar sakte hai.aur ek hi time pe 2 pf account chal sakta hai.plz bataiye

[@vishnugoyal6360]

@@suriyajeetmandal2077 No

[@lavpratap4000]

@Labour Law Advisor , Rishabh , inn saari jaankari ke liye shukriya and many many thanks and congratulations to LLA and team for keeping up the good work for us-thejaagrukjanta. Ek sawaal tha, inn naye labour codes mei, kahin interns ke baarey mri koi baat kahi gayi hai kya?.. i mean intern like sales intern ya IT intern Jo pendulum ki tarah ek company se dusri company jhultey rehte, aur jo aaj ke time mei corporate firms aur mainly startups ke liye ke liye ek cheap source of labour ho gaye hain, jinse kaam to utna hi karaya jata hai jitna ek permanent employee se karaya jata hai, par stipend ke naam par salary bohot kam aur kabhi bhi nikal dene ka zor. To kya aisi bheed ko naye labour codes ki employee ki defination mri rakkha gaya hai, unke liye kya kya acche ya burey points hain inn naye labour codes mei!!?? I hope that i was able to make my question clear to you. I know sawaal thoda lamba ho gaya, aur shayad aapka jawab bhi lamba ho, ho sake to iss topic ya question ke upar ek long-ahort video banayega. Hoping for your reply. Thanks Aapki Jagaruk Janta mei se ek. 🙏

[@beingdeshpremi6391]

भैया क्या मैं अपने pf account को 500/1000 pm SIP में जुड़वा सकता हूं?

[@andhramahasabha4646]

Basically we are made to pay more tax, we are paying more tax on petrol, GST now income- voiceless middle class deserves it

[@vickykgec]

Middle class taxpayers are 5% of population. No govt is going to hear us. We are bulls of oil mill working day and night to make money for employer and govt. Businessman and tax evanders are happy in India.

[@TheEvilspirit91]

@@vickykgec That's why start any business and be your own boss.. gulami karne me maza nahi hai

[@vickykgec]

@@TheEvilspirit91 If everyone is a seller and tax evader then who will be the buyer and tax payer to run the govt. expenditures. With my previous comment I wanted to say that there should be proper vigil and setup by govt. so that tax evading ,black market and parallel economy could be curtailed. You seems to be happy with your tax evasion and generation of black money.

[@ashharmohd1455]

kzbin.info/www/bejne/qHeydIKkirpgoaM

[@ashharmohd1455]

@@vickykgec even for running a business you need workers... if everyone starts owning a business who will work to run the company... this is the foolish logic given by modi bhakts nowadays

[@Mpkmpk555]

Hope it applies to MP MLA PM CM. This is nothing but pouring money back to Government's khajana. Now PF contribution will increase and there is a taxation on the PF contribution limit as well. Beaurocrats and politicians 🤑🤑 Lesser allowances means less salary. Strategy to improve economy

[@rs-tarxvfz]

@@KNT_19 You're right. It should be compensated by Politicians' wealth

[@sanjayg114]

Hoo bhi gya toh unko ghanataa farak padegaa logically baat kia kro

[@sabastianboxer7104]

Vote for BJP 😀

[@aahishtripathi9810]

Maine apke videos dekhe 2017 se aur apke video dekhkar maine apna carrier bnaya so thank ❤️ you very much....

[@sagarpawar57777]

Best background music and good information 👍

[@rameshkumar-et5xo]

Simple answer to the whole problems created by bureaucracy is that bring Honourable M.P. Mr. Subramaniam Swami Ji as Finance Minister of India. Thank you.

[@andersonthomas4845]

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[@lovethbradley7899]

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[@sarahhillary4683]

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[@elizabethnancy1886]

As a first time investor I started trading with Mrs Olivia Mason with just a thousand bucks. my portfolio is worth much more that now within just weeks of trading with her.

[@rahulgoenka4570]

Commendable efforts Rishabh and entire LLA team!

[@arjunbele4260]

The half yearly, yearly bonus we use to get from company, How will it get affected by new wage law??

[@amitabh748n]

Wahh.. Awaited and you uploaded.. Great!

[@amitabh748n]

Sir ji, new timings jo 12 hr wala hai usme par bhi ho sake to video banayega.. sab Dara rahe hai k 12 hr per 6 days kam karna padega abhi ek week me.. guide karna video me..

[@Bnrar55]

To b honest , present govt me sarkari job ka koi charm nai.. already they have basic n DA more than 51 percent . So it's a well thought out tactics.

[@notyournormaldev1419]

How

[@Bnrar55]

@@notyournormaldev1419 bcoz they dnt hve allowances that exceed 50 percent of gross salary. So basic plus DA exceed 50 percent

[@chiragkataria4793]

Hey Rahul, can you please explain with one example?

[@Bnrar55]

@@chiragkataria4793 first of all govt employees dnt have a CTC concept. They receive a lumpsum (gross) salary. Their basic and DA already exceeds their allowances . Say their basic and DA is 52rupees and allowances 48rupees out of 100.. so this labor code cnt be implemented in their case as they already have basic and DA more than 50 percent ..

[@CAKUSHAGRA]

Wow, explained with so much clarity. Thank You😀

[@ap8672]

Adhock alloance 24700 Hra 11000 Basic 23000 OT 2000 Incentive 7000 Kaha milta he basic 50% Aur hamare company me hajaro log he!

[@karticsaha697]

Hlw Bhaiya you are giving us lots of great information keep going like this. May God always bless you and your family.

[@SachinSingh-vy7pm]

kzbin.info/www/bejne/bGjYmYN7a6mBj7c

[@shashiSingh-oj8qy]

pls share details on fix term employment vs contract worker impact on gratuity rule. May be in your next video.

[@manishranjan1128]

At 5:46 you said that “travelling allowance included hai” but according to the definition of “wages” under point “d” it says that conveyance allowance is not to be included and also any money paid towards travelling is not to be included. So traveling allowance included nahin hai right? Recently ek Supreme Court ka order bhi aaya tha ki ESI calculations main “wages” main travelling allowance include nahin kar sakte karke.

[@NitinKumar-mw4eu]

Only legends know that 2020 is changed to 2021😉

[@shorttravelvlogs]

Why?

[@sanjayg114]

He only gave ❤️ to those people's who buttered him.... 🤣🤣🤣🤣🤣He don't have answers for other's don't take it personally 😂

[@nsht420]

Tell about 85% workers who don’t cross total remuneration of Rs. 10000!!

[@Nuts.raj27]

Want to understand few things, like I recently joined a new company, it's a manufacturing company with around 300 employees. Company is registered in Bhiwadi Rajasthan and marketing team is seating in gurgaon. After joining this company I got to know that they don't give a single day, or even an hour break paid. Even if someone is leaving 1 hrs before 6 o'clock, half day salary will be deducted. Also if someone is taking 2 days leave in a month they use to deduct Sunday salary too.

[@bapujiparel]

Sounds good video. See if you are Employer of any office under labour laws, you are required to maintain new law stationery registers, books, forms, abstracts, cards under acts and laws compliance for concerned officer or inspector visit this month Get it today from Bapuji Stationery Parel Mumbai Shop (since 1948) in paisa-vasool pakka premium quality. Monday to Saturday 11 am to strictly 6 pm

[@DKSahasi]

Thankyou :) Best possible explanation, as per my view.

[@imkazyboi]

Thank you so much for detailing this out. Hats off!!

[@AmitSingh-tk6tu]

Thanks Labour Law Advisor for such an informative video. Appreciate the ideal timing for sharing to the audience 🙏

[@DrequimaX]

Bahut bariya video..... I m to download this vid. :)

[@artihaldar3658]

Very informative video and useful for me as I belongs to core payroll industry

[@khanlovesitlikethat]

Really love all the information you are sharing.....:)We are definitely getting educated by it....Please keep going....:)

[@SachinSingh-vy7pm]

kzbin.info/www/bejne/bGjYmYN7a6mBj7c

[@M.A.Mhaatre]

I enjoyed 2 channels at one with matching voice level,, Like ,,motor octane ,,🙏🤗🇮🇳

[@arvindbhardwaj154]

Very good video. Thank you. Let's see what will employer use the new law.

[@amitcsknit]

IT companies includes both employees and employer share for pf in CTC. Any changes in that??

[@deeppathak8061]

Not only IT company.. Other MNCs also doing same

[@forviews9092]

Yes all doing the same 😭

[@riseofthoughts2001]

all compnies do the same ..employer & employee's both share of pf is included in ctc..

[@nitinrautela6741]

Every company is doing this except few

[@sabastianboxer7104]

Vote for BJP 😀

[@manoharbhandole1896]

Nice 👍sir Good information for employee Base💰

[@user-tyagi21]

Thankyu sir , for making this wonderful video on new salary structure

[@JobtakSkr]

Thanks for sharing very helpful video

[@ashokmahitkar2675]

THANKING YOU, IMP INFIRMATION PROVIDE

[@shorttravelvlogs]

Very nice video. I always love the way you explain everything. 😁

[@Lifetobe]

Why there is no noise about this? This looks very big to employees. Employer is not worried I suppose.

[@LabourLawAdvisor]

There is big noise

[@ashharmohd1455]

unless u r from some other country, no one will listen to u. antrik mamla h bhai... Rihanna ka ek tweet ka jawab dene saare aa gye, par lakho bachho ne tweet kar daale or kahi se koi sunwayi nh...

[@HimalayaGarg]

EPFO govt. organization defaulted on paying interest FY 2019-20. Why this is not in news?

[@SachinSingh-vy7pm]

kzbin.info/www/bejne/bGjYmYN7a6mBj7c

[@LakshitPatwari]

Because of godi मीडिया

[@MrArjun-vt8pk]

Can you please share the Govt notification ..

[@rupakdhole8688]

Kya jaruri hai allounce dene ka. Basic+ da dene se hi chalega. 10000.00

[@PratikMOffical]

Good Informative Video 🔥

[@vikeshptel808]

Suppoce basic 10000 and other allow 1600,Total salary 11600 So what will infect in new wages code.

[@sandeepchouhan7141]

Everything I understood about new labour laws but I didn't get what will be the advantage and disadvantage of this new labour law? Could you please explain us in detail.Thanks in advance🙂

[@tt-pr7mg]

Won't it increase the tax burden for people getting Minimum wage? Earlier they would have some allowances in total wage which are non-taxable. Now, since it would be only in Basic and DA, the entire amount would be taxable.

[@amitasthana]

If you are on Minimum wage, you do not have to worry about Tax

[@prajaktabhaiye1695]

sir kya hum ek time 2 mnc company job kar sakate hai, or if yes then how can we disclose employer

[@aahishtripathi9810]

Thank you sir for your .... making hard definition to simple language....🙏🙏

[@SachinSingh-vy7pm]

kzbin.info/www/bejne/bGjYmYN7a6mBj7c

[@MohammedAhmed-rr6hj]

Thanks for great information My question is my current CTC 2.5 lakh per PA so package will come double in this scheme

[@vitthaldoiphode5958]

Very informative video sir😊.. If these all things are included in wage code then why some companies are still not following this rule?... Our company gives only 25% of CTC as a basic salary, because of that we miss lot of deductions available in income tax like HRA and employers pf contribution... How can I restructure my salary if HR is not agree for it?

[@madanagopalaswamychinta2383]

Your calculation as per wage code is correct. However the other allowances should be made on the basis of SC judgement of PF

[@abhishekverma6074]

Sir please ek video iti apprentice m baaneya kyunki aaj saari factory m apprentice k naam m production m work karya ja raha or 1 year baad naye apprentice fir le liya jata h

[@sumitbutkar8565]

New concept aya he...Smart SIP .. Please bataye concept kya he...Kya investors ko invest karna he...Aur fundsindia and rank mf ke bare bataye...

[@punjabgroup]

Puree Desh ni milke Adani and Ambani ko our Ameer bnana ha - Modi ji

[@pinturaaz5566]

Sir mai aaj gosi id open kiya ho usme tha basic salary 1200 and housing benefit 200 and other allowance 200 .lakin mujhko yeh smjh mai nhi aa rha h 200 other allowance h kya aur agar mai yeh kharch nhi krta ho toh kya exit marunga company se toh yeh other allowance dega ki nhi dega plz reply sir

[@pappukuamr9621]

लेबर कानून संशोधन करने के बाद मेरा मजदूरी महीना में ₹1000 कट गया मैं बिहार के हॉर्टिकल्चरल में माली मजदूर के तहत काम करता हूं

[@trilochansahu1532]

Abe chutiye Govt ne lagu hi nahi kiya aur yahan tu apna chutiyapa failane aa gaya

[@satnalimanish5320]

Jain सहाब नमस्कार... मैं हरियाणा के झज्जर पॉवर प्लांट मे 1साल के कॉन्ट्रैक्ट पर काम कर रहा हूं! मेरे पास 100 से ज्यादा workman है.. जिसमे 15-20 office staff बाकी सभी helper, mason etc है क्या मुझे अपने सभी workman को EL, SL, CL देना अनिवार्य है और क्या मुझे वो सभी सुविधाएं अपने workman को देनी है जो एक प्रिंसिपल एम्प्लायर अपने workman को देता है... Plz reply

[@mohinderaastropal1240]

🙏आदरणीय वक्ता श्री अब तो बुजुर्गों कि एक बात याद आती है *गोद (💵cash in ✋hand)के की छोड़कर पेट के की आस* एक और कहावत है पैसा गांठ का अर्थात (cash in hand is always beneficial). क्या बुजुर्ग गलत थे?

[@Sam-rp4hy]

Sir, 9:36 pe B (basic 50k), isme PF employer share zero kyn h?

[@LabourLawAdvisor]

PF not mandatory above 15000

[@Sam-rp4hy]

Got it. Thank you

[@ashutiwari6610]

Minimum wage to badhaya nahi kya fayada hai rules banake

[@101hiten]

Normally ESIC calculated on gross salary, but you said esic will be calculated on basic+DA... If possible please let me know on which amount we need to calculate ESIC... Please update me about state of Gujarat

[@saikatmajumder5957]

Sir pont no. D discuss kiya nahi... Wo akbar discuss kare to acha hota

[@vineetakishore4154]

Thank you for sharing this knowledge. U r too Good. God bless

[@manishchand6503]

Sir hamri selri kv nhi bdti

[@manishchand6503]

Nhi Bonsh milta h Sis Security

[@NMNMJ]

Superb you are the one of those who use bare act which is extremely important for legitimacy that's why you have trust 👍

[@sahilkamra5105]

Hello Sir, Different question, not related to this video Is it possible to transfer pension Contribution in EPF after resign... Or it will be remain in that member ID ? PLEASE MAKE A VIDEO ON IT🙏

[@aap1803]

Very simple explanation sir.

[@Random-pk7sl]

Should employer pf share be used while calculating wages ? I dont think it comes as allowance. Please suggest.

[@LabourLawAdvisor]

It's excluded

[@nilutpolboro9839]

Sir agar mera salary 10000 hay kutch v extra nhy milta hay to kya EPF / EPS wages 10000 he likha rahega kya...???

[@sandeepnaithani007]

किसी की सैलरी cash in hand 12,000 है, और कुछ pf कटता है, और कुछ नही मिलता, तो क्या करे

[@natureandculturelover]

क्या पी एफ (फॉर्म 19) का फुल और फाइनल पैसा निकाले बिना भी पेंशन (form10D) अप्लाई कर सकते हैं यानी क्या फॉर्म 19 से पहले form 10 Dअप्लाई कर सकते हैं?

[@aahishtripathi9810]

Meri life me ap ka bahut bda yogdan raha sir

[@lavpratap4000]

@Labour Law Advisor , Rishabh , inn saari jaankari ke liye shukriya and many many thanks and congratulations to LLA and team for keeping up the good work for us-thejaagrukjanta. Ek sawaal tha, inn naye labour codes mei, kahin interns ke baarey mri koi baat kahi gayi hai kya?.. i mean intern like sales intern ya IT intern Jo pendulum ki tarah ek company se dusri company jhultey rehte, aur jo aaj ke time mei corporate firms aur mainly startups ke liye ke liye ek cheap source of labour ho gaye hain, jinse kaam to utna hi karaya jata hai jitna ek permanent employee se karaya jata hai, par stipend ke naam par salary bohot kam aur kabhi bhi nikal dene ka zor. To kya aisi bheed ko naye labour codes ki employee ki defination mri rakkha gaya hai, unke liye kya kya acche ya burey points hain inn naye labour codes mei!!?? I hope that i was able to make my question clear to you. I know sawaal thoda lamba ho gaya, aur shayad aapka jawab bhi lamba ho, ho sake to iss topic ya question ke upar ek long-ahort video banayega. Hoping for your reply. Thanks Aapki Jagaruk Janta mei se ek. 🙏

[@LabourLawAdvisor]

I'll try and make video

[@lavpratap4000]

@@LabourLawAdvisor thanks... Will wait eagarly .. bilkul banayega...aur dhaagey khol dijiyega,Rishabh bhai....... Ye jo start up hain na.... Graduate pass, b.tech paas bheed se, 8-8, 10-10 hazaar mei. Interns . 12-12 ghanta kaam kartey hain.... Aur koi job security bhi nahi...... Koi iss issue ko nahi uthata.... Majdoor se bhi bekaar sytem ho gaya hai...corporate interns ka...!!

[@cgangadharan8199]

Sir, in Google it has been mentioned at the last para that it is not compulsory on the part of employer to deduct EPF on excess basic pay of Rs.15000. Then what is the purpose of new wage code? There are companies paying more than Rs.15000 per month as Basic pay but deduct EPF only on Basic Pay calculated as Rs.15000. So what is the point in new wage code? Can you clear the doubt please?

[@vipin9857]

Thanks for this knowledge ❤️

[@sangeethavm2568]

Sir I request to clarify my doubt If new wage is implemented basic will be 50% of CTC. Then will the pf will be deducted at rate of 12% even though it exceeds cap amount 1800. While as per pf employees whose wages is greater than 15000 it's not mandatory for them to contribute to PF. And also as per supreme court excluding hra and other components are to be considered and their 12% is to be deducted towards pf. Please advise

[@carindia777]

Really good laws Just Salary should be increased

[@SuperHimanshu9999]

Super thanks for this. Just a follow up, is the definition of wages for PF and ESI also going to be same? So PF was on basic +DA and ESI was on gross, now it will be same for both I.e. basic +DA?

[@LabourLawAdvisor]

Yes

[@SuperHimanshu9999]

@@LabourLawAdvisor exceptional speed. Please continue the great work. I lead the HR function for an large FMCG and the amount of sharpness I have gained on labour laws through your videos is exceptional. I also look after Nepal and Bangladesh business and would be happy if 1 session can be done on that too.

[@bharat_9b]

Is wage revision code applied if yes and company still not rectified basic equal or more than 50, or we can other allowance. What will happen? Is govt will look into it by there own, any mechanism available with govt?

[@ashharmohd1455]

50 percent basic... my PF has just rocketed.... haath me pese chhodenge nh ye log...

[@AnkitKumar-xk1od]

Hi sir... I have a question... hope you can help me.. I got into job in an MNC in IT sector on 23rd feb 2017 and lost it on 15th oct 2020. I want to withdraw all amout from my pf. The queation is... if I close my pf then would it be possible to open new one once i join the new company...?

[@RAZATRADING]

Very Informative VEDIO Thanks 😎❤️

[@OO_727]

जब ज्यादा कानून थे तो सैलरी ज्यादा थी। जब कानून काम कर रहे है तो सेलरी कम हो जा रही है। ऐसे कानूनों का क्या फायदा जो तरक्की रोक। सब धोका है।

[@OO_727]

😶

[@deepak887788]

Sir, is commission and performance incentive the same thing in the definable of wages, can they be excluded as we pay this once a year?

[@harshalpathrabe3502]

Some Companies makes minimum EPF contribution like (1800+1800).. does new labour laws somehow makes employer to contribute 12.5% of Basic to EPF now?

[@subhas8338]

How this rule effect government employees please explain in a video...

[@santoshnangare9005]

Considering PF EEE benefit is capped @ 2.5 lacs from next year, does it make sense to contribute a large sum in next two months?

[@sanjibmitra7951]

I worked( off-roll) for a company from 2011-to 2019. They pay my salary through one company till 2011-2015 and pay my salary through another company till 2015-2019. Can I get gratuity?

[@PintuKumar-rf5xg]

Mai aak company me karata hu 8h.rate 350rs. Aur 12h rate. 525rs. Basic aur pf kaise nikalate hai

[@AmardeepG91]

Hello Sir, Help karenge mujhe janna hai ki iske liye koi legal advice hai Meri wife dominos me kaam karti hai or maternity leave par chalte hue hi ID deactivate ho gayi hai or kuchh amount bhi dominos ki taraf aayi hai approx 23k. HR me baat chal rahi hai pichhle 4 mahine se par koi positive response nhi aa raha hai. Please sir bataye ki kya bina employee ki marzi k full and final ho sakta hai....??? Kya maternity leave par kisi ki terminate kiya ja sakta hai??? Sir please bataye aise me maternity leave k jo paise aate hai wo milenge ya nhi..??? 5 saal hone me 3 mahine kam hai to kya gratuity milegi??? Please sir kuchh upay batye

[@sureshyadav843]

Sir still we watch one year old videos on new codes. So plz upload current videos. Thanks

[@ashokvankar7838]

Thank you so much Sir nice information 🙏

[@mukunddeshpande7940]

Hello is LLA a reputed one, is it customer oriented. I have not received even a single call from LLA?

[@vinodmeena1069]

Sir hum log airport par loader ka kam karta hain Bhopal meim to abhi hum logo ke salary 8500 rs hai to April kee bad hum logo ko kitni Salary milgi plz plz batao sir ji

[@sandeepyadav-mq2zw]

क्या आप नहीं समझते है कि कम्पनी बहुत कम सैलेरी देती है , और मज़दूर लेवल काफी कठिनाई में नौकरी करता है

[@pappukumarray4920]

Sir my sbi bank me kam karta hu or mera salri kampani se 22000 aata hai or mera salri me se gst katta hai fir mera salri 12000 Aata hai gst katna Shahi hai please ek video bana ke bata yo time 09:00 se rat 08:00 tak Par g

[@miteshbhagat594]

सर गुजरात गवर्मेंट में आउटसोर्सिंग कर्मचारियों का आर्थिकशोषण हो रहा है एजेंसी के द्वारा क्या ये नियम लागू होने ने से कर्मचारीओ का शोषण नहीं होगा? गवर्मेंट जो सैलरी एजेंसी को हमे चुकाने के लिए देती है वो सैलरी हमे मिलेगी?कोई भ्रष्टाचार तो नहीं होगा??

[@pamela2081]

In this code, PF Employee will not be deducted? If it is deducted then how it will be taken care of?

[@rchourasiya2002]

Sir mene lockdown ke doran ek company me work kiya hai jiska nam h dialabank chandigarh ki company h wha mene 2 month work from home kia me bhopal se hu wo ab meri salery nahi de rhe hai mujhe kya karna chahiye ???

[@aniray2841]

Is contractual employees whose monthly stipend is 10k is applicable for PF esic deduction.

[@sayediftekharali6005]

One of my Fav channel amazing....

[@SachinSingh-vy7pm]

kzbin.info/www/bejne/bGjYmYN7a6mBj7c

[@sushant_kharat]

New wage bill is not applicable yet. It is on hold by government of India.

[@RajneshKumar]

Sir Please tell me ye Minimum wages Public Sector Banks Pr Bi Laagu Hota Hai !!!!

[@maryshannan5134]

what about the insurance provided? will it come under allowance?