Whalesbook
India's new labour codes consolidate employment laws into four codes, redefining 'wages' to include basic pay and dearness allowance, with up to 50% of CTC counted. This significantly increases the base for gratuity calculations, potentially leading to higher payouts. Provident Fund (PF) contributions remain capped at ₹15,000, limiting immediate changes for most employees. Fixed-term employees now need only one year of service for gratuity eligibility. Take-home salaries are expected to remain largely stable for the majority.