Job Rule Change: Full and Final Settlement in 48 Hours from April 1, 2026!

• New 'Code on Wages' mandates companies to complete full and final settlement within 48 hours of an employee's last working day, effective April 1, 2026.
• This rule applies to resignations, terminations, and lay-offs, preventing delays in receiving dues like salary and leave encashment.
• Employees can now claim gratuity after just 1 year of service, with the amount to be deposited within 30 days of leaving the job.
• Salary structure changes: Basic salary must be at least 50% of CTC, leading to higher PF contributions and long-term savings.
• Before resigning, ensure proper notice period completion, timely submission of investment proofs, and verify company's compliance with new labor code.