On 10 January 2024, the government of Karnataka released compulsory gratuity insurance rules, 2024 (the “Rules”), mandating that businesses in Karnataka, covered under the Payment of Gratuity Act, 1972, obtain an insurance policy to cover their gratuity liabilities.
In September 2020, the Indian Parliament passed three federal employment law codes on social security, industrial relations, and occupational safety, health and working conditions.
Along with the Code of Wages passed in 2019, which has not yet been implemented, the new codes consolidate and simplify existing laws and introduce changes to multiple federal labor laws, including those impacting employers’ retirement benefits costs and liabilities toward gratuity.
While the Indian government hasn’t announced an implementation date yet, the four codes are likely to be made effective by April 2021.
online pharmacy buy doxycycline no prescription with best prices today in the USA online pharmacy wellbutrin with best prices today in the USA On 5 March 2020, the government of Karnataka in India issued a circular mandating all employers to […]
On 25 November 2019, the Indian parliament passed the Transgender Persons (Protection of Rights) Act (the “Act”) to end discrimination against transgender people in accessing employment, education, healthcare, welfare and housing. The Act was given presidential assent on 5 December […]
On 1 July 2019, the Indian government lowered the rate of contribution required under the Employees’ State Insurance (ESI) Act 1948 to reduce employers’ financial burden and increase employees’ take-home salaries. The ESI contribution rate was reduced from a total […]
On 28 February 2019, the Supreme Court of India ruled that special allowances will be included in the scope of basic wages and shall therefore be subject to Employees’ Provident Fund (EPF) contributions. This issue has been subject to extensive […]
The Indian government passed the 2019 interim tax budget, which increased the standard deduction limit from INR 40,000 to INR 50,000. The change took effect on 1 April 2019. online pharmacy purchase flagyl online generic The standard deduction was initially […]
On 1 April 2017, the Maternity Benefit (Amendment) Act, 2017 took effect, increasing paid maternity leave from 12 weeks to 26 weeks for companies with at least 10 employees. The act also required employers with 50 or more employees to […]
online pharmacy order arimidex no prescription with best prices today in the USA The Payment of Gratuity Act 2018, which increases the gratuity limit from INR 1 million to INR 2 million, received Presidential assent on 28 March 2018 and […]