The Central Board of Trustees has recommended an interest rate of 8.25% on EPF accumulations for the financial year 2025-26, since ratified by the Ministry of Finance.
What employers should do: nothing is payable by the employer on account of this declaration — interest is credited by EPFO directly to member accounts. Advise employees to verify the credit in their passbook on the Member e-Sewa portal once posting begins.
The Labour Department, Haryana has notified its half-yearly dearness-allowance revision of minimum wages effective 1 July 2026, covering unskilled through highly-skilled categories.
What employers should do: revise wage structures for all minimum-wage employees and contract labour from the July payroll onward. Where the revision is implemented late, arrears must be paid from the effective date. Contact us for the category-wise rate card.
Employers with 10 or more workers must file the Internal Committee's annual report for the preceding calendar year with the District Officer.
What employers should do: confirm your Internal Committee is validly constituted (including an external member), collate the year's complaint statistics and awareness activities, and file before your state's due date. We prepare and file the annual report as part of our POSH retainer.
The Code on Wages, Industrial Relations Code, Code on Social Security and OSH & Working Conditions Code stand enacted, with rollout awaiting final state rules in several states.
What employers should do now: review CTC structures against the 50% 'wages' definition (it changes PF and gratuity outgo), map current registrations to the single-licence scheme, and update HR policies for fixed-term employment. We run a Labour-Code impact assessment as part of our compliance audit.