The draft rules released by the government are important because they outline several key provisions on how employees' wages, ...
Gratuity is a crucial financial benefit designed to provide monetary security to employees during key milestones such as resignation, retirement or unforeseen events. If your last-drawn basic salary ...
With globalization and the increasing mobility of professionals, many employees are now exploring career opportunities abroad. One of the most popular destinations for expatriates is the United Arab ...
At the core of the changes is a redefinition of wages. Under the new Labour Codes, at least 50% of an employee’s total ...
The Union ministry of labour has released draft rules for minimum wages, gratuity, and social security under new labour codes ...
What is service requirement to be eligible for gratuity? Employees are eligible for gratuity after completing 5 years of continuous service with the same employer, as per the Payment of Gratuity Act, ...
The Ministry of Labour has pre-published draft rules under new labour codes on Wednesday. These draft rules are open for public cons.
Let's calculate the gratuity amount for employees with last-drawn basic salaries of Rs 33,000, Rs 56,000, and Rs 71,000, who have completed 8 years and 5 months of service, which will be considered as ...
Employees leaving their jobs on or after November 21, 2025 will be entitled to gratuity under the new labour code rules. ICAI ...
Companies must recognise higher gratuity and leave liabilities under new labour codes as expenses in interim financial ...