NEWSLETTERS

India’s new Labour Codes consolidate 29 central labour laws into four comprehensive codes covering wages, industrial relations, social security, and occupational safety. The reforms aim to simplify compliance, improve ease of doing business, and extend worker protections through measures such as a uniform definition of wages, expanded social security for gig and platform workers, mandatory appointment letters, enhanced workplace safety standards, and streamlined dispute resolution. The new framework is designed to create a more transparent, efficient, and balanced labour ecosystem while promoting formal employment and safeguarding workers’ rights. 

The Union Budget 2025 introduced significant tax reforms aimed at simplifying the income tax framework and increasing disposable income for individuals. Key measures include revised tax slabs under the new tax regime, a higher rebate resulting in zero income tax for resident individuals with taxable income up to ₹12 lakh (subject to applicable conditions), and an increased basic exemption limit. The Budget also proposed a simplified Income Tax Bill to reduce complexity, improve compliance through digital processes, and create a more transparent and taxpayer-friendly system, while supporting consumption and economic growth.