02
Jul
2026
The Future of Gratuity in India: Key Changes Employers Should Prepare For
Gratuity in India has long been a routine payment that employers settled only when an employee finally left. For years, finance teams treated it as a distant promise rather than a cost. That settled position is now changing in a …
02
Jul
2026
How the New Labour Codes Could Impact Employee Benefits and Retirement Planning in India
New Labour Codes have reshaped how Indian companies view salaries, savings, and long service rewards. For most working people, the words “rule change” sound distant and rather technical. Yet this reform touches your monthly pay slip and your future savings …
02
Jul
2026
Labour Codes and Long-Term Employee Benefits: Preparing Businesses for the Next Phase of Compliance
Labour Codes have moved from discussion papers into working law, and every Indian employer now feels the weight of that change. From 21 November 2025, four codes replaced 29 older labour laws across the country. The shift touches wages, social …
02
Jul
2026
Beyond Basic Pay: How Wage Definition Changes May Reshape Employee Compensation Models
Wage definition changes have moved from boardroom debate to settled law across India, and the effect on pay packets is real. From 21 November 2025, the four labour codes came into force, and the Code on Wages introduced a shared …
02
Jul
2026
Gratuity Compliance After Labour Code Reforms: A Guide for HR and Finance Teams
Gratuity compliance in India changed permanently on 21 November 2025. The Government of India notified all four Labour Codes into force, including the Code on Social Security, 2020, replacing laws that had governed the workplace for over five decades. Every …
02
Jul
2026
Decoding the New Wage Code: What It Means for Salary Structures and Gratuity Liabilities
The New Wage Code has changed the way companies across India now build a salary slip. For a long time, firms split pay into a small basic figure and many separate allowances. That habit kept costs low, yet it also …
27
May
2026
AS15R vs IND AS 19 Treatment of Expense in Leave Encashment Valuation
A finance head closes the books. The HR team confirms leave balances. Then one line in the employee benefit report changes the company’s profit position. That moment often begins the discussion around AS15R and IND AS 19. At Mithras Consultants, …
27
May
2026
Why Companies Need Leave Encashment Valuation Under AS 15
Corporate balance sheets conceal hidden obligations behind routine numbers. Unavailed employee time off represents a deferred financial commitment. Businesses must account for these future payouts to maintain accurate fiscal health. At Mithras Consultants, we see leaders overlook these liabilities. Unrecorded …
27
May
2026
Payroll Restructuring Under The New Labour Codes: Gratuity Impact
Business leaders face a massive financial transition. The upcoming statutory laws rewrite basic wage frameworks across India. At Mithras Consultants, we see leaders struggling with these mandatory adjustments to maintain their core profitability margins intact.
27
May
2026
The 50% Wage Rule Explained for Gratuity Calculations
Business leaders face a massive transition regarding statutory financial obligations. A restructuring of employee compensation models is mandatory. We observe executives evaluating balance sheets with intense scrutiny. At Mithras Consultants, we guide firms through complex corporate
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