Key Discussion Points:

• 1.Highlights of the Labour Code:
  A quick overview of the major reforms and compliance changes introduced under the new Labour Codes.
• 2.Common Definition of Wages:
  Understanding the unified wage structure and how the 50% rule reshapes salary components.
• 3.Impact on Minimum Wages:
  How the new wage definition directly influences minimum wage calculations and payroll planning.
• 4.EPF Contribution:
  The effect of the revised wage structure on EPF contribution rates and employer liability.
• 5.ESI Contribution:
  How the common wage definition alters ESI eligibility and contribution computations.
• 6.Statutory Bonus:
  The impact of the redefined wage base on bonus calculation and payout obligations.
• 7.Gratuity:
  How higher basic wages under the new rules increase long-term gratuity liabilities.
• 8.Overtime:
  The recalibration of overtime wages due to the standardised definition of wages.
• 9.Leave Encashment:
  How the revised wage structure leads to higher leave encashment values during separation or year-end processes.

Agenda