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The Centre has launched a sweeping overhaul of India’s labour laws by merging 29 old regulations into four modern codes. The move aims to bring over 400 million workers under stronger social security, ...
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Today, most organisations keep basic salary on the lower side, usually around 25 to 40% of the total CTC. The new Labour Codes are set to change how organisations calculate PF and gratuity for its ...
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The new labour codes have overhauled how wages, gratuity, provident fund, pension and other social security benefits are ...
It could reduce take-home salary, depending on how employers restructure pay,' says expert. Here's what the 50% wage formula ...
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Under the new wage definition, social security contributions, including ESI, will be computed on 50% of CTC, which experts ...
The four labour Codes lay out revised rules for working hours, gratuity, work-from-home arrangement and also has provisions ...
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