New labour code 2025: Bonus and leave encashment calculator if bonus is 10%, 15%, 20%, 25% of CTC
The new Labour Code 2025 which came into effect on November 21, 2025, requires every employer to calculate wages as 50% of the total CTC for computing gratuity, pension and other social security benefits. In a press release dated November 21, 2025, the government gave: “Uniform Definition of Wages: “Wages” now include basic pay, dearness