The upcoming changes in labour legislation are poised to overhaul the way salaries are computed for employees. Many workers ...

Currently, PF is calculated at 12% of basic salary. With basic pay and allowances now forming a larger portion of ‘wages,’ mandatory PF contributions will rise without an increase in overall ...

Form 16 contains details of salary income, deductions, and exemptions. Illustration: Uttam Ghosh/Rediff.com Form 16 plays a crucial role in accurate filing of income-tax returns (ITR) by taxpayers.

India’s long-awaited Labour Codes finally came into effect on November 21, 2025, triggering the biggest salary restructuring ...