Gratuity Calculation New Rules – Estimated Benefits Increased by 25 % | Code on Wage Bill Special

Gratuity Calculation New Rules – Estimated Benefits Increased by 25 % | Code on Wage Act Special There is major step taken by the current government of India in order to reform the existing labor law. This is the biggest…

Gratuity Calculation New Rules - Estimated Benefits Increased by 25 % | Code on Wage  Bill Special

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Gratuity Calculation New Rules – Estimated Benefits Increased by 25 % | Code on Wage Act Special There is major step taken by the current government of India in order to reform the existing labor law. This is the biggest reformation drive post-Independence by any government. The bold step taken by the government will shrink the existing 40 plus labor law to 4 main labor law, the Code on Wage bill is also part of it. This step is taken in direction to move a step closer to the idea of ease of doing business in India. At present times the substantial amount of time and energy is required to meet the un-necessary statuary compliance requirement. In today’s session we will discuss about the changes took place after the execution of new wage code and its effect on gratuity benefits. It is calculated that one can draw close to 25 % extra gratuity as compare to present condition after implementation of the multi aspirational labor reforms.
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