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The Economic Times

Business

Neelanjit Das

Your in-hand salary may not change under the new labour code yet, know why

When the central government announced the new labour codes on November 21, 2025, a lot of salaried employees cheered because the new law proposed to boost their provident fund , allow early gratuity payment, speed up full and final settlements, provide retrenchment compensation, and introduce various other reforms. However, some of the rules of the new labour code relating to the Code on Wages and the Industrial Relations Code were notified on May 8, 2026 by the central government.

As per ET Bureau's sources the final Rules for the Code on Social Security and the OSH & WC Code will also be notified soon.

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