Why Are Labour Laws Denting Corporate Profits?
India's new labor codes just cost three companies in corporate India over ₹4,373 crore in a single quarter. TCS, Infosys, and HCLTech are reeling from retrospective gratuity provisions that go back decades. The government says it's modernizing—one unified wage definition, digital compliance, formalized workforce. Companies say it's a compliance nightmare with twenty-four states at different stages of implementation. In this episode, host Anirban Chowdhury asks Puneet Gupta, Partner, People Advisory Services-Tax, EY to break down why your basic salary just became 50% of your paycheck…
The skinny
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