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

Explains how the new wage definition, allowance caps, and statutory triggers reshape salary design. Highlights the risks of misclassification and PF ...

Ars,<BR><BR>Would you consider salary = base pay + bonus? <BR><BR>How does your company structure your compensation? Do they structure each position with a low, mid, and high point?<BR><BR>I'm in the ...

The new labour codes may shrink your take-home salary, but they quietly boost your tax-efficient retirement savings. With basic pay now required to be at least 50% of CTC, employees automatically see ...

Noorul Hassan, partner, & Kumar Panda, associate, Lakshmikumaran & Sridharan Attorneys. It has been more than eighteen months since three of the four labour codes (“Codes”) were passed by the ...

Seyfarth Synopsis: Last week, the United States Court of Appeals for the Third Circuit held that employers can deduct from an employee’s PTO bank for failure to meet clearly defined productivity ...