New labour codes are set to redefine wage calculations, impacting salary structures, PF contributions, and gratuity payouts.

(MENAFN- IANS) New Delhi, Nov 23 (IANS) The new Code on Wages that has now come into effect, promotes fairness, equity, and inclusivity in India's labour market. By ensuring uniform wage standards and ...

Under the new framework, social security-linked contributions such as statutory PF, NPS contributions (where applicable), ...

The new Labour Code, which was notified recently, has for the first time introduced a single, universal definition of wages. The long-awaited clarification is expected to significantly impact salary ...

There has been concern that the new labour codes will reduce take-home salary due to higher PF calculations. However, the ...

Post the implementation of the four labour codes by the Ministry of Labour and Employment (MoLE) on November 21, the government will now form a committee to fix national level floor wage, sources tell ...

Gratuity amount of up to Rs 20 lakh is exempt from tax. The amount must be reported in the income tax returns under the exempt in Schedule EI.

In a significant shift to labour norms, the government released new codes - merging 29 laws into four labour codes on Friday, November 21, with the aim of promoting ease of business while protecting ...

Labour Ministry confirms new labour codes won't decrease take-home pay; PF deductions remain based on ₹15,000 wage ceiling.