New labor codes: What's changing for your salary and benefits?
India just rolled out four new Labor Codes, replacing 29 old laws.
The big takeaways? There's now a set minimum wage, equal pay for men and women, and mandatory preventive check-ups if you're over 40.
One major shift: at least half of your salary will now count as "wages" when calculating things like gratuity and leave encashment—so your end-of-job payouts could get a boost.
What this means for you (and your paycheck)
Fixed-term employees can now get gratuity after just one year instead of waiting five, which is a win.
If you earn above ₹15,000, your provident fund stays mostly the same.
For employers, these changes might mean higher costs and more focus on performance-based pay.
For everyone else? It's time to keep an eye on how your salary is structured—these updates could impact how much lands in your pocket and how you plan your finances going forward.