The new Labour Code, which was notified recently, has for the first time introduced a single, universal definition of wages.
However, the codes, notified on 21 November, also mean a mixed bag of outcomes for employees. While some statutory benefits, ...
If you find your own approach is at least as effective as what’s in the code, well done, you can be confident that you’re ...
Indian companies anticipate a 5-10% rise in wage bills due to new labour codes, impacting benefits like gratuity and overtime ...
Gratuity amount of up to Rs 20 lakh is exempt from tax. The amount must be reported in the income tax returns under the ...
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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,’ mandatory PF contributions will rise without an increase in overall ...
The Code on Wages introduces a uniform definition of wages across labour laws. In practice, this stops companies from parking ...
States need to notify new rules that are in sync with the Codes. In the interim, the Codes can be partly implemented under ...
The DCMS has published its ‘Voluntary Code of Good Practice for Prize Draw Operators’ for operators of paid and free ...
The U.S. Department of Transportation announced on Nov. 19 a new initiative to promote civility in air travel, encouraging ...
The Centre on Friday notified four new labour codes consolidating 29 laws, expanding basic social security and minimum wage ...
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New Labour Code: Can Companies Still Use Contract Workers For Core Jobs?
From technology companies to manufacturing units, most Indian employers have traditionally depended on staffing agencies and third-party vendors to varying degrees.
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