Statutory
Labour codes
The four labour codes consolidate 29 central labour laws into codes on wages, social security, industrial relations, and occupational safety and health.
The Code on Wages, Code on Social Security, Industrial Relations Code and OSH Code were passed in 2019 and 2020. Their most discussed change is a single definition of "wages" under which basic plus DA must be at least 50 percent of total remuneration, raising PF and gratuity for many structures.
Other changes include gratuity for fixed-term employees after one year and F&F within two working days.
In Indian payroll
Implementation depends on state rules. Companies should model their structures under the new wage definition now so the change is a switch, not a scramble.
What is Labour codes?
The four labour codes consolidate 29 central labour laws into codes on wages, social security, industrial relations, and occupational safety and health.
Why does Labour codes matter in Indian payroll?
Implementation depends on state rules. Companies should model their structures under the new wage definition now so the change is a switch, not a scramble.
In Kuzhu
The Payroll module in Kuzhu is where Labour codes is handled, on the same employee record as everything else.
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