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Even as the new labour codes require wages to form at least 50 per cent of total pay, employees should not assume companies will simply raise their basic salary to that level. Analysts said employers ...

New Delhi: A major change has come into effect for salaried individuals across the country. With the implementation of the new Labour Code, the way companies structure and disburse salaries is set to ...

India’s new labour codes, which have overhauled the country’s labour laws, are tweaking salary structures for millions of salaried employees, with the 50% basic pay rule at the centre of the change.

Did our AI summary help? The long-awaited labour law overhaul is beginning to show its real impact on pay packets. With the new wage definition already in force, companies are recalibrating salary ...