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
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
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
29
Apr
2026
Will Special Allowance Be Part of Monthly Wages or Not?
Pay structures often feel like a complex puzzle for many corporate directors. Companies routinely categorize a large chunk of employee salaries under an ambiguous label. Such practices aim to reduce statutory financial contributions substantially today. Regulatory authorities now observe these …
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