The new Labour Code, which was notified recently, has for the first time introduced a single, universal definition of wages.
Indian companies anticipate a 5-10% rise in wage bills due to new labour codes, impacting benefits like gratuity and overtime ...
However, the codes, notified on 21 November, also mean a mixed bag of outcomes for employees. While some statutory benefits, ...
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Labour code overhaul: Wages redefined, gratuity and benefits to soar for millions of employees
Redefined wages under India’s new labour codes will boost gratuity, provident fund and other employee benefits, reshaping ...
Gratuity amount of up to Rs 20 lakh is exempt from tax. The amount must be reported in the income tax returns under the ...
India’s four Labour Codes came into effect on Friday (November 21), replacing 29 earlier labour laws and introducing a ...
A leak of the EHRC code of practice has suggested that trans people could be asked about their sex based on physical ...
States need to notify new rules that are in sync with the Codes. In the interim, the Codes can be partly implemented under ...
New labour codes establish a framework for gig workers' benefits, but clarity on implementation and state overlaps is still ...
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New labour codes: Take-home pay may dip as PF and gratuity rise under unified definition of wages
Currently, PF is calculated at 12% of basic salary. With basic pay and allowances now forming a larger portion of ‘wages,’ ...
The U.S. Department of Transportation announced on Nov. 19 a new initiative to promote civility in air travel, encouraging ...
India's implementation of the Code on Wages marks a significant shift in salary structures, mandating that basic salary ...
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