All articles Compliance

The Four Labour Codes: Impact on your balance sheet

How the shift in 'Wage' definition will change your liability for PF and Gratuity.

HRMione Editorial July 2026 9 min read

The 50% Rule

The new codes mandate that 'Wages' for statutory purposes must be at least 50% of the total remuneration. For many companies, this means a significant hike in PF and Gratuity liabilities.

Full and Final settlement timelines

Settlements must now be completed within 2 working days of termination. This requires an extremely agile payroll and exit workflow.

Social security for gig workers

For the first time, gig and platform workers are brought under the social security net. If you use contract labour, your costs will likely increase by 1-2%.

Stay 100% Compliant with HRMione

Automated statutory contributions, tax regimes, and labour law alignment.