Categories: BUSINESS

New labour codes: Does your salary & wage definition, PF contribution, ESI, gratuity payout & bonus change? Explained

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, potentially increasing employee benefits and employer liabilities. Fixed-term employees now qualify for gratuity after one year of service.
Sumitra

Share
Published by
Sumitra
8 months ago

Recent Posts

‘Extra payout’ to Maharashtra PSU: HDFC board slaps Rs 1 lakh fines on MD, CFO

HDFC Bank's board penalized top executives over deposit arrangements with MSRDC. The internal review found…

4 hours ago

Rs 100 crore club gets bigger: Number of nine-figure income filers quadruples in five years

More Indians are reporting nine-figure incomes on tax returns. The number of these high-earners rose…

4 hours ago

Cyber frauds shift to on-call scams, mule networks

1 day ago

BNP to take bancassurance route for insurance re-entry

BNP Paribas Cardif is acquiring a significant stake in IndiaFirst Life Insurance. This strategic investment…

1 day ago

Energy security in focus: What India’s crude oil, LPG and LNG strategic reserves strategy should look like

Once completed, the total strategic petroleum reserves capacity will increase to 11.88 MMT, enabling India…

2 days ago

HCLTech to set up Rs 14.3k cr AI data centre in Odisha

2 days ago