The new definition is designed to harmonise decades of inconsistencies in how wages were interpreted under various labour laws, ranging from provident fund and gratuity to bonus and maternity benefits ...

New labour codes are set to redefine wage calculations, impacting salary structures, PF contributions, and gratuity payouts. The broader definition of 'wages' means more components will be included, ...

The Indian government on 21 November consolidated 29 Labour Laws into four comprehensive Labour Codes, namely — the Code on Wages (2019), the Industrial Relations Code (2020), the Code on Social ...

India is bracing for a major shift in employee compensation as the newly implemented labour codes introduce a unified definition of wages—an overhaul that experts say will strengthen retirement ...