Your Basic Salary is Expected to Go Up | After Implementation of Wage Code

[@harishkanaujia9685]

Very good explanation 👍🏻👍🏻👍🏻👍🏻

[@thandayuthapanichakkravart425]

Thanks for ur video Mr.Govind.. [Doing GOOD JOB].. Its also pertinent to note that this code will simultaneously increases the burden of Income tax returns of an employee, if the basic component gets increases... Hope, its a statute intended to benefit both employees and revenue of the nation... ultimately this code will bite the employers pocket.

[@GRLabourLaw]

🙏🙏😄

[@mlrgr6100]

Super excellent 👍👏👏

[@neerajchauhan8160]

Dear Sir If employer is paying EPF on employee actual basic salary can they restrict pf contribution to 15000 which is threshold of department to reduce hit on employer balance sheet .Is this allowed ,need you expert option on this

[@GRLabourLaw]

Currently yes but future we need wait for scheme rules

[@hrirguru4932]

Excellent information shared on Code on Wages Wage Definition complexity

[@goldenraj4191]

Excellent explanation

[@nagarajk3313]

Retaining allowance is paid when an employee is retained by the employer when the factory or establishment is not working. Some other part in our country there was a system of engaging seasonal labours in some industries in which the labours were getting employment gainfully for six-seven months in a year and remaining months unemployed. During unemployment, they use to get retaining allowance so that they are available to the employer in next season. The retaining allowance is also paid in pursuance of the Report of the Second Central Industrial Wage Board on the Sugar Industry and subsequently in implementation of the Award of the Industrial Court.

[@GRLabourLaw]

Very good explanation Nagaraj and with details

[@nagarajk3313]

@@GRLabourLaw Thank you sir

[@nagaprakashmedidi2150]

Thank you sir, should we decrease the basic due to financial trouble/salary breakup change. Example: I have been paying 13k as basic since 5years. But now i am going to change to 12k as basic.No change of take home. PF contribution will be reduced.

[@goodrichraj6773]

Came to know about the intention of the law only after this video

[@virtualhrpartner3506]

It gave a complexity nuances of wage definition under Code on Wages 2019. Thank you for the good work and clarity sir

[@gugand6879]

Sir, the information shared by your is very excellent...... The answer for your question about the RA is as follows Retaining Allowance (RA) is paid to workers during the off reasons for their forced idleness. This will come within the purview of wages as per section 2 (21) of Payment of the bonus act 1965. Reference for the same is the case of Chalthan Vidyut Sehkari Udyog vs. Government Labour Officer, AIR 1981 SC 905; 2 SCR 738

[@GRLabourLaw]

Excellent 👍

[@justinventures5927]

Comissions and incentives will come under ??

[@mohanashivakumar2094]

Thank u sir can u explain a individual vedio for code on wages 2020. Sir...

[@GRLabourLaw]

Sure

[@hrclinic2065]

I was waiting for the info on wage definition under Code on Wages 2019 and its implications, thanks for the video sir, very clear understanding

[@gangadharan5965]

Thank you for your detailed video

[@dkgallery9381]

Like always very informative Govind sir 👍

[@balajikannan4551]

Thank you very much for your information on basic salary and the important and proposal of code on wages 2019🙏 as usual very good presentation sir👍

[@rafunselpresentation]

So a chance is there to increase taxability. We can't use more fbp components??

[@MAMMediaMarketing]

Sir Thank you for the information..

[@deepakdayalan2709]

Hi sir... Retaining allowance will be given in sugar mills.. Because sugar mills run only for temporary period

[@nibeditasaha8095]

Sir it is 50 percent on total remuneration . Remuneration means gross salary, but in this example 50 percent is calculated on Basic+DA

[@annukr8954]

Another neat and precise presentation by your sir, a thought to ponder about, is there a possibility of interpreting that apart from the expressly excluded allowances under the Def. of "wages" under COW, 19, any other "wage" component paid by whatsoever name, would be deemed "wages" as the def. states that "wages" means all remuneration and "wages" for the purpose of this Code & other Codes would become a dynamic figure especially when incentives are paid thereby effecting PF & other social security contributions

[@GRLabourLaw]

Possible but we need to wait how the courts will interpret in the days ahead

[@deepakdayalan2709]

All the informations are good, I need clarification on wage calculation.. How you get 7500 rs instead of 7000rs pls explain

[@praveenpkentertainment2202]

The same doubt i have Mr. govindh sir please clarify

[@hindicartoonstories1979]

retaining allowance is a special allowance.

[@gugand6879]

sorry it is Off Season