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New wage rule may raise India Inc's costs from April

08 Dec 2020  by   The Economic Times

Come April 2021, salary slips, provident fund (PF) and gratuity components, take-home pay and even balance sheets of India Inc will be impacted, thanks to the government’s new compensation rules, which are part of the Code on Wages passed by Parliament last year.

India Inc & startups to give salary hikes in 2021? AON says yes!

04 Nov 2020  by   Times Now

AON India CEO Nitin Sethi says this report captures that companies are planning genuine increments, and not disguising the restoration of salary cuts as increments.

Resilient India Inc. bets on recovery, 87% to give salary hikes in 2021: Aon Survey

04 Nov 2020  by   The Economic Times

Among the organisations that are considering giving increments in 2021, 61 per cent of these plan to offer increases between 5 per cent and 10 per cent (projected) compared to only 45 per cent handing out hikes in 2020 in the same range.

EPF contribution at 10% likely to push up your take home by only 1-2%

30 May 2020  by   The Economic Times

As per the analysis, a 4% gross increase of basic wages due to reduction in EPF contribution to 10% for both employers and employees for May, June and July 2020 may not make a material difference to an employee.

More than 60% companies ready to go back to work: Survey

01 May 2020  by   The Economic Times

Over 60 per cent of Indian companies say they have planned for the opening of business operations once the lockdown ends on May 3.