Thursday, 11 June, 2026
Indian Companies Restructure Paychecks to Offset Rising Labour Code Costs
By TechShots Studio
India Inc is aggressively redesigning salary packages to counter looming statutory payroll hikes driven by upcoming Labour Code reforms. To minimize financial strain on both companies and employees, businesses are pivoting toward tax-efficient allowances and benefits. By legally maximizing components that reduce the "basic pay" ratio, firms aim to cap soaring social security liabilities like provident fund and gratuity while preserving take-home pay.
Read full story at LIVEMINT