Friday, 24 March, 2023

IT sector seeks to change taxation, labour law as WFH become a norm

<p>India&rsquo;s IT sector seeks to change taxation and labour laws as over 50% of the workforce could permanently begin to WFH post-pandemic also. Nasscom will soon be submitting a detailed report to the government. IT industry contributes 8% to India&#39;s GDP, 46% in the services exports, as software exports stood at $14bn in FY 2020. The successful transition of WFH in lockdown has prompted large-scale shifts in work models,&nbsp;with TCS looking at 75% of its people WFH by the year 2025.</p>