Tag: Wage Structure Reform
The New Wage Definition Under the Social Security Code, 2020: Meaning, Impact, and Real Examples
Social Security & Welfare
Linked legal page
This guide breaks down the new wage definition under the Social Security Code 2020 and the 50 percent rule for basic plus dearness allowance. It shows how the new definition changes PF, gratuity, bonus, ESI and overall salary structures for employees.