News & Insights

LABOUR AND EMPLOYMENT Regulatory Update Centre Notifies Bonus Eligibility and Calculation Rules under the Code on Wages, 2019 The Ministry of Labour and Employment, vide two notifications S.O. 4711(E) and S.O. 4710(E) dated 25 August 2026 issued under Section 26 of the Code on Wages, 2019, has clarified the eligibility and calculation framework for statutory bonus payable to employees. The notifications provide that employees earning wages of up to ₹21,000 per month are eligi

LABOUR AND EMPLOYMENT Regulatory Update EPFO Declares 8.25% Interest Rate on EPF Deposits for FY 2025-26 The Employees' Provident Fund Organisation, vide Circular No. INV-11/2/2021-INV/E-41960/2519 dated 1 July 2026, has formally notified an interest rate of 8.25% per annum on Employees' Provident Fund deposits for the financial year 2025-26. The rate has been declared following approval conveyed by the Ministry of Labour and Employment under the provisions of the Employees'

Regulatory Updates ESIC Releases Draft Employees' State Insurance (General) Regulations, 2026 The Employees' State Insurance Corporation (ESIC), vide draft notification dated 17 June 2026, released the Draft Employees' State Insurance (General) Regulations, 2026, inviting public comments on a comprehensive regulatory framework proposed under the Code on Social Security, 2020. The draft Regulations seek to replace the existing Employees' State Insurance (General) Regulations,

Regulatory Updates Ministry Of Finance Mandates Timely Payment of Wages and Salaries for Manpower Engaged Through Contractors The Ministry of Finance, vide Office Memorandum dated 8 May 2026, issued directions regarding timely payment of wages and salaries to manpower engaged directly or through contractors in Central Ministries, Departments, attached and subordinate offices, autonomous bodies, and Central Public Sector Enterprises (CPSEs). The Office Memorandum has been issu