PAYROLL DEFINITION
FICCI makes recommendations to FM ahead of Budget 2027-28, highlights LTCG exemption, TDS relief and faster tax appeals
FICCI has recommended the restoration of long-term capital gains tax exemption on listed shares in Budget 2027-28. The organization highlighted concerns regarding the withdrawal of foreign portfolio investments and the impact of capital gains tax. Additionally, it requested the government to implement lighter TDS rules and resolve backlog issues in tax appeals. FICCI emphasized the need for measures to provide certainty to investors over the long term.
Could you claim full Social Security at 60? New bill targets blue-collar workers — here’s who may qualify
Social Security faces an impending financial wall. Most lawmakers looking at the math suggest raising the retirement age to keep the trust fund solvent. Rep. Haley Stevens, a Michigan Democrat, is proposing the exact opposite. Her Blue Collar Social Security Fairness Act would drop the retirement age to 60 for Americans in physically demanding fields. This covers construction workers, manufacturers, and nurses.
What organisational excellence looks like when people strategy meets business performance
The Economic Times HR Excellence Awards 2027 honors companies that actively drive workforce performance and adaptability through innovative people practices. Rather than relying solely on traditional metrics, these awards emphasize the transformation of HR systems, the development of future talent, and the creation of remarkable employee experiences, all tied to real business outcomes.
Oracle layoffs September 1: Will employees wake up to another ‘6 a.m. email’ tomorrow after 21,000 jobs were cut as AI spending soars?
Oracle layoffs 2026: Employees are reportedly bracing for another round of job cuts after Oracle eliminated around 21,000 positions earlier this year in March. With managers allegedly asked to identify roles for possible cuts, workers fear another wave of the company’s infamous “6 a.m. email” could arrive as Oracle continues pouring billions into AI and cloud infrastructure.
EPF Scheme 2026: Key changes in nominations, PF withdrawals, and employer compliance
Key features— such as the 12% contribution rate for employers and employees as well as the Rs.15,000 statutory wage ceiling—remain unchanged, but the formalisation of revised provisions will trigger new operational obligations.
New labour codes to drive wider adoption of fixed-term employment: Report
Companies anticipate a surge in fixed-term jobs following new labour code implementation. This signals a move towards formal employment. While many firms are preparing, a readiness gap exists. The Code on Wages is expected to bring significant changes. Overall, the new codes are seen as a positive step for formalisation and compliance in India.
India Inc caught between data, tax and labour overhauls
New laws like the I-T Act and Labour Codes are creating uncertainty for employers. Companies face challenges in understanding new rules for compensation and data handling. These changes could alter salary structures and increase legal risks. Businesses are seeking expert advice to prepare for upcoming deadlines and ensure compliance with evolving regulations.
New labour codes may reshape MNC payrolls
Experts say that companies will have to update transfer pricing benchmarks and documentation, as changes in the cost base could affect the arm's length pricing of intra-group services and cost-sharing arrangements, with potential for tax disputes where global policies are not aligned.
How new Labour Codes will impact your salary, gratuity and provident fund payments once implemented
Although all four Labour Codes were notified by 2020, their implementation has been pending for over four years. State governments are required to notify rules under these codes, and to date, 34 states and Union Territories have published draft or final rules under one or more of the labour codes. However, the Central Government is yet to announce the date of implementation of these labour codes.
Wipro fires 300 staff members found to be moonlighting for competitors
On Wednesday, Premji also said that though he had received brickbats for his comments on moonlighting, he stood by his comments and views on the issue.
What the payroll numbers really show
As expected, the data in public domain has already drawn keen interest.
EPFO, NPS data show 2.2 million formal jobs added in 6 months
EPFO data shows 3.1 million new additions across age groups over the six months to February, of which those in the 18-25 age group amount to 1.85 million.
Payroll job data may also count in smaller entities
Payroll data is currently collated using information from firms registered under the EPFO and the Employees’ State Insurance Corp (ESIC).
GST data gives a better picture of formal sector employment: Economic Survey
The formal sector non-agriculture employment is 12.7 crore compared to 7.5 crore assessed on the basis of social security provided by EPFO and ESIC.
HR function has moved from being a black box to Glassdoor era: Jairo Fernandez
HR is the business of talent by definition. HR is motivating only payroll employees, but then HR is leaving nearly half of the future workforce out of this process.
US companies rely on temporary workers, longer work hours
The need to boost hours & add provisional staff is a sign that sales are holding up due to deepening slump in Europe and slowdown in China.
Bullish bets on commodities at 12-week high as growth emerges
Money managers expanded their combined net-long position across 18 US futures and options by 11% to 823,917 contracts in the week ended January 31.
Buzz back on Job St, shows recovery's taking root in US
Employers in the US created more jobs in March than at any time in the past three years, showing the recovery from the worst recession since the 1930s is broadening and becoming more entrenched.
US job woes may finally be over
The number of Americans filing first-time claims for jobless benefits fell unexpectedly last week, a sign that the labour market is deteriorating at a slower pace as the economy pulls out of the recession.
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