Clean, Code-ready data for gratuity and leave valuations
The Labour Codes changed the wage base, gratuity for fixed-term employees and leave encashment. Get valuation inputs that reflect them.
What you deal with
- Wages for gratuity now include the 50% add-back
- Fixed-term employees get pro-rata gratuity
- Leave carry-forward and year-end encashment rules changed
- Past-service cost in the year the Codes apply
What you get
- Employee data with the recomputed wage base
- Lists of fixed-term employees with contract dates
- Leave balances under the OSH Code rules
- Wage-base workings prepared by our team for your client
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Services for actuaries
Support to actuaries
Wage-base data with the 50% add-back, fixed-term employee lists and leave rules for gratuity and leave valuations.
Discuss thisWage restructuring under the 50% wage rule
Salary structures redesigned to the uniform definition of “wages”, with the cost impact on PF, ESI, gratuity, leave and bonus.
Discuss thisFull & final settlement, gratuity and bonus
Computations on the new wage base, settlement within two working days, gratuity and bonus registers.
Discuss thisSocial Security Code compliance
Gratuity for fixed-term employees, maternity benefit, employees' compensation, PF and ESI coverage.
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