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4 days a week is optional to organizations. You can not choose by yourself. If they allow, you can work 12 hours a day and take off for 3 days in a week. It is applicable from 1st July.
Change in salary structure is confirmed and the rule is that 1.Basic+DA should be atleast 50% of Gross salary
2. For Gratuity, no need to serve for 5 years. Even with 1 year service period, employees will be entitled for gratuity.
Here it is mentioned about gratuty. The minimum duration for earning gratuity will be 1 year.
https://topsourceworldwide.com/new-wage-code-how-is-it-impacting-your-payroll-processing/
https://topsourceworldwide.com/new-wage-code-how-is-it-impacting-your-payroll-processing/