Versuchen GOLD - Frei
How new labour codes impact your gratuity, PF
Mint Mumbai
|November 24, 2025
The new labour codes have overhauled how wages, gratuity, provident fund (PF), pension and other social security benefits are calculated. These changes impact employees and employers alike.
Mint explains who benefits and what happens to take-home salaries:
What is the new definition of wages?
Under the four new labour codes, definition of 'wages' is standardised to include basic pay, dearness allowance and all other retaining allowances in the CTC that are not specifically exempted. Exclusions include HRA, conveyance allowance, employer PF contributions and commission, as per The Code On Wages, 2019. But together they cannot exceed 50% of total remuneration. This means at least half of an employee's CTC is treated as wages for calculating gratuity, PF, ESIC, maternity benefits and other social security entitlements, expanding the base for contributions and benefits significantly.
Will gratuity, PF increase?
Diese Geschichte stammt aus der November 24, 2025-Ausgabe von Mint Mumbai.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Mint Mumbai
Mint Mumbai
Indian firms in crisis mode as conflict in Gulf spirals
Indian companies with operations in West Asia spent the weekend tracking their employees and gauging the impact on their businesses as the US-Israel strikes on Iran escalated the conflict, freezing movement from outside and within the region.
2 mins
March 02, 2026
Mint Mumbai
Khamenei dead; war widens
US-Israeli airstrike kills Iran's supreme leader. President Masoud Pezeshkian calls it \"declaration of war against Muslims
3 mins
March 02, 2026
Mint Mumbai
Tiny listings fail at big-league pivot
India’s once busy SME-to-mainboard migration route has slowed sharply.
2 mins
March 02, 2026
Mint Mumbai
THE RISE OF THE YIELD-GENERATING VILLA
A clutch of full-service platforms is helping owners turn their holiday villas into income-generating assets
9 mins
March 02, 2026
Mint Mumbai
Cognizant CEO gets a deal he won for Infy
A multiyear deal of more than $300 million from Daimler Trucks that Cognizant Technology Solutions Corp. snatched from Infosys Ltd last week has one common thread: Ravi Kumar.
2 mins
March 02, 2026
Mint Mumbai
Oil lines blocked, India eyes options
India's crude oil refiners are scouting for new supply sources after Iran's historic announcement of the closure of Strait of Hormuz, three people aware of the development said.
3 mins
March 02, 2026
Mint Mumbai
Mittal unveils succession plan for Bharti
Bharti Enterprises founder and chairman Sunil Bharti Mittal has said that members of the next generation of the Bharti family will become more visible 'at the shareholders'table' in the coming years, signalling a gradual succession plan within the group.
3 mins
March 02, 2026
Mint Mumbai
Is New York under Mamdani bent on overtaxing residents?
Expanded city services come at a cost voters may not understand
3 mins
March 02, 2026
Mint Mumbai
IS INSTITUTIONAL INTEGRITY IN INDIA UNDER THREAT?
This is a deep-rooted conspiracy.
3 mins
March 02, 2026
Mint Mumbai
STCG: Does basic exemption limit apply?
I started investing in equities in 2025 and recently sold some shares, booking a small gain.
2 mins
March 02, 2026
Listen
Translate
Change font size