If allowances and benefits (excluding gratuity and retrenchment compensation) exceed 50 percent of an employee’s total remuneration, the excess amount will be added back to wages for statutory ...
New Wage Code reshapes wages base, triggering Ind AS 19 remeasurement. Expect past service cost hits, exceptional items, higher DBO and ...
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New Wage Code Comes Into Force, Expands Coverage & Strengthens Worker Protection; Aims To Boost Fairness | Explained
New Delhi: The newly implemented Code on Wages, 2019 marks a major shift in India’s labour governance by introducing uniform wage standards and broader coverage across sectors. According to an ...
The Code on Wages, 2019, Industrial Relations Code, 2020, Code on Social Security, 2020 and Occupational Safety, Health and Working Conditions Code, 2020 aim to modernise labour regulations and align ...
NEW DELHI:More than a month after the new labour codes came into effect, the Union ministry of labour and employment has released draft rules that outline how minimum wages, gratuity and social ...
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