India’s new labour codes may decrease your take-home salary, but raise benefits| Business News

India’s new labour codes—which restructures 29 existing labour laws into four labour codes—has wide-ranging ramifications of what you earn today and save for the future. The most significant component impacting employees’ salaries is the Code on Wages, 2019, which introduces a uniform and expanded definition of “wages”. (AI Image) The four new labour codes are: […]

Impact on provident fund (PF), income tax, gratuity — Explained| Business News

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 introduce major changes to gratuity, Provident Fund (PF), and salary structure, aiming for wider worker protection and formalisation. (AI Image) India’s four new labour codes are: Code on […]

Explained — The wage and bonus rules under India’s new labour codes| Business News

India’s new labour codes, consolidating 29 complex central laws into four streamlined codes, represent a landmark reform in labour laws that govern the largest working population in the world. India’s new labour codes aim to modernise the legal framework, extend social security to a wider workforce, and ensure universal wage protection. (AI Image) These codes […]