Gratuity Calculation Formula: Amidst discussions about the implementation of the new labor code, the biggest question is how it will affect your finances and retirement fund. For salaried employees, ...
As the new labour codes kick in, replacing the 29 old labour laws, a considerable discussion has started in the country. Having been enacted five years ago, these labour laws envisage offering ...
Gratuity is a payment from an employer to an employee for services rendered, typically given to those with five or more years of service. It is governed by the Payment of Gratuity Act, 1972. Employees ...
Employees leaving their jobs on or after November 21, 2025 will be entitled to gratuity under the new labour code rules. ICAI ...
The implementation of India's four new Labour Codes—which consolidate 29 existing laws—marks a significant overhaul of the country's employment and social security framework. India's new labour codes ...
India’s salary structure rules are set to undergo a significant transformation as the Ministry of Labour and Employment has ...
The Indian government on 21 November consolidated 29 Labour Laws into four comprehensive Labour Codes, namely — the Code on Wages (2019), the Industrial Relations Code (2020), the Code on Social ...
New labour codes effective November 21, 2025, mandate basic salary at 50% of CTC, potentially lowering take-home pay as retirement contributions rise. These unified laws aim to simplify compliance and ...
New labour codes are set to redefine wage calculations, impacting salary structures, PF contributions, and gratuity payouts. The broader definition of 'wages' means more components will be included, ...