Rate of contributions/compensation/payment:
Contribution Old Law
1) Provident Section 6 of The Employees’
Fund Provident Fund and
Miscellaneous Provisions
Act, 1952
Employer shall contribute
10% of the wages for the
time being payable to each
of the employees. The
employee shall contribute an
equal amount as the
employer.
2) Pension Section 6A (2)(a) of the
Scheme Employees’ Provident Fund
and Miscellaneous
Provisions Act, 1952
Notwithstanding anything
contained in section 6, there
shall be established, as soon
as may be after framing of
the Pension Scheme, a
Pension Fund into which
there shall be paid, from time
to time, in respect of every
employee who is a member
of the Pension Scheme,--
(a) such sums from the
employer's contribution
under section 6, not
exceeding eight and one-
third per cent, of the basic
wages, dearness allowance
and retaining allowance, if
any, of the concerned
employees, as may be
specified in the Pension
Scheme
3) Deposit linked Section 6C (4) (a) of the
insurance scheme Employees’ Provident Fund
and Miscellaneous
Provisions Act, 1952
Employer shall pay into the
Insurance Fund sums of
money, not exceeding one-
fourth of the contribution
New law
The Code on Social
Security,2020- Section 16(1)(a)
Contribution by employer: 10% of
the wages for the time being
payable to each of the employees
The Code on Social
Security,2020- Section 16(1)(b)
(i) Sums from the
employer’s
contribution under
provident fund not
exceeding 8 and 1/3
% of wages
(ii) such sums payable as
contribution to the
Pension Fund, as may
be specified in the
Pension Scheme, by
the employers of the
exempted
establishments under
section 143 to which
the pension scheme
applies;
(iii) such sums as the
Central Government
after due
appropriation by
Parliament by law in
this behalf, specify
The Code on Social Security,
2020- Section 16(1)(c)
Amount payable by employer: Not
being more than 1% of the wages
Further amount not exceeding
1/4th of the contribution, to meet
the expenses of administration of
scheme.
 which he is required to make
under sub-section (2), as the
Central Government may,
from time to time, determine
to meet all the expenses in
connection with the
administration of the
Insurance Scheme other
than the expenses towards
the cost of any benefits
provided by or under that
Scheme.

4) Employee’s state Section 39(2) The Code on Social Security,

insurance fund [(2) The contribution shall be
paid at such rates as may be 2020- Section 29 (1) & (2)
prescribed by the Central Employer’s contribution shall be
Government: paid at such rates as may be
prescribed by the central
Provided that the rates so
Government.
prescribed shall not be more
than the rates which were in
force immediately before the
commencement of the
Employees' State Insurance.

5) Gratuity The Payment of Gratuity The Code on Social Security,

Act,1972 - Section 4(2).
2020- Section 53(2)

For every completed year of For every completed year of

service or part thereof in
excess of six months, the
employer shall pay gratuity
to an employee at the rate of
fifteen days’ wages based
on the rate of wages last
drawn by the employee
concerned
service or part thereof in excess of
six months, the
employer shall pay gratuity to an
employee at the rate of fifteen
days' wages or such
number of days as may be notified
by the Central Government, based
on the rate of wages
last drawn by the employee
concerned

6) Maternity Benefit The Code on Social Security,

2020- Section 60(1)
)
At the rate of average daily wage
for the period of actual absence.

Section 5(1) of the Maternity

Benefit ACt, 1961 Employer Section 64
shall be liable for, the
 A medical bonus from employer
payment of maternity benefit
at the rate of the average of 3500 rupees or such amount as
daily wage for the period of
her actual absence, that is to may be notified by Central Govt,
say, the period immediately
if no pre-natal confinement or
preceding and including the
day of her delivery, the post- natal care is provided for by
actual day of her delivery
and any period immediately the employer free of charge.
following that day.

Section 8 of the Maternity

Benefit Act, 1961
Women are entitled to
maternity benefit under the
Act and are also entitled to
receive medical bonus of
2500-3000 if no pre-natal
confinement and post-natal
care is provided for by the
employer free of charge.

7) Employee’s Section 4, ECA The Code on Social

compensation Security, 2020- Section 76
(a) where death results (e) where death results from
from the injury an the injury, an amount
amount equal to fifty equal to fifty per cent. of
per cent of the the monthly wages of the
monthly wages of deceased employee
the deceased multiplied by the relevant
employee multiplied factor or an amount as
by the relevant may be notified by the
factor; or an amount Central Government from
of one lakh and time to time, whichever is
twenty thousand more;
rupees, whichever is (f) where permanent total
more; disablement results from
(b) where permanent the injury, an amount
total disablement equal to sixty per cent. of
results from the the monthly wages of the
injury an amount injured employee
equal to sixty per multiplied by the relevant
cent of the monthly factor or an amount as
wages of the injured may be notified by the
employee multiplied Central Government from
by the relevant time to time, whichever is
factor; or an amount more:
of one lakh and forty (g) where permanent partial
thousand rupees, disablement results from
whichever is more. the injury,—(i) in the case
(c) where permanent of an injury specified in

8) Minimum Wages
9) Social security cess in
respect of building and other
construction workers.
partial disablement
results from the
injury. (i) in the case
of an injury specified
in Part II of Schedule
I, such percentage of
the compensation
which would have
been payable in the
case of permanent
total disablement as
is specified therein
as being the
percentage of the
loss of earning
capacity caused by
that injury, and (ii) in
the case of an injury
not specified in
Schedule I, such
percentage of the
compensation
payable in the case
of permanent total
disablement as is
proportionate to the
loss of earning
capacity (as
assessed by the
qualified medical
practitioner)
permanently caused
by the injury.
(d) where temporary
disablement,
whether total or
partial results from
the injury a half-
monthly payment of
the sum equivalent
to twenty-five per
cent. of monthly
wages of the
employee
- Code of Wages, 2020
THE BUILDING AND The Code on Social Security,
OTHER CONSTRUCTION
2020- Section 100(1)
WORKERS' WELFARE
CESS ACT, 1996
Shall be collected from every
Part II of the Fourth
Schedule, such
percentage of the
compensation which
would have been payable
in the case of permanent
total disablement as is
specified therein as being
the percentage of the loss
of earning capacity
caused by that injury; and
(ii) in the case of an injury
not specified in the Fourth
Schedule, such
percentage of the
compensation payable in
the case of permanent
total disablement as is
proportionate to the loss of
earning capacity (as
assessed by the medical
practitioner) permanently
caused by the injury.
(h) where temporary
disablement, whether total
or partial, results from the
injury, a half-monthly
payment of the sum
equivalent to twenty-five
per cent. Of monthly
wages of the employee
 3. Levy and collection of employer undertaking building or
Cess.- (1) There Shall be other construction work, at a rate
levied and collected a cess not exceeding 2 %, but not less
for the purposes of the than 1% of the cost of construction
Building and Other incurred by an employer.
Construction Workers
(Regulation of Employment
and Conditions of Service)
Act, 1996, at such rate not
exceeding two percent- but
not less than one per cent. of
the cost of construction
incurred by an employer, as
the Central Government
may, by notification in the
Official Gazette.

10) Subsistence (a) at the rate of fifty s. 38(3) IR Code, 2020

allowance under the per cent of the
Industrial wages which
Employment workman was (3) The amount of subsistence
(standing orders) entitled to allowance payable under sub-
Act, 1946 immediately section (2) shall be — (a) at the
preceding the date rate of fifty per cent. of the wages
of such suspension, which the worker was entitled to
for the first ninety immediately preceding the date of
days of suspension; such suspension, for the first
and ninety days of suspension; and (b)
(b) at the rate of at the rate of seventy-five per cent.
seventy-five per of such wages for the remaining
cent of such wages period of suspension, if the delay
for the remaining in the completion of disciplinary
period of suspension proceedings against such worker
if the delay in the is not directly attributable to the
completion of conduct of such worker.
disciplinary
proceedings against
such workman is not
directly attributable
to the conduct of
such workman.

11) The payments of - Code of Wages, 2020 (Chapter III

Wages Act. of the Code)

12) The Trade Union - The Industrial Relations Code,

Act,1926 2020 (Chapter III of the Code)

13) The Industrial - The Industrial Relations Code,

Disputes Act, 1947 2020 (Chapter VII of the Code)

14) Payment of Bonus, 1965 Section 10 of the act states Section 26 of the Wage Code -
 subject to the other
provisions of this Act, every
employer shall be bound to The annual minimum bonus shall
pay to every employee in be calculated at the rate of eight
respect of the accounting and one third per cent of the
year commencing on any wages earned by the employee or
day in the year 1979 and in one hundred rupees whichever is
respect of every subsequent higher subject to a maximum of
accounting year, a minimum twenty per cent of such wages.
bonus which shall be 8.33
per cent. of the salary of
wage earned by the
employee during the
accounting year Section 31 of the Wage Code
(Payment of bonus out of allocable
Section 2(4) of the Payment surplus)
of the Bonus Act, 1965
"allocable surplus" means- The bonus shall be paid out of the
(a) in relation to an allocable surplus which shall be an
employer, being a company amount equal to sixty per cent. in
1
[(other than a banking case of a banking company and
company)] which has not sixty-seven per cent. in case of
made the arrangements other establishment, of the
prescribed under the available surplus
Income-tax Act for the
declaration and payment
within India of the dividends
payable out of its profits in
accordance with the
provisions of section 194 of
that Act, sixty-seven per cent
of the available surplus in an
accounting year;(b) in any
other case, sixty per cent of
such available surplus.

15) Worker re-skilling Fund Section 83 of the IR Code (Worker

(IR Code, 2020) - (New concept ) re-skilling fund)

Contribution of the employer shall

be equivalent to 15 days wages as
last drawn by the worker
immediately before being
retrenched.

The Trade Unions Act, 1926

The Payment of Wages Act, 1936
The Industrial Disputes Act, 1947
The Minimum Wages Act, 1948
The Employment Exchange (Compulsory Notification of Vacancies) Act, 1959
The Contract Labour (Regulation and Abolition) Act, 1970
The Equal Remuneration Act, 1976
The Inter-State Migrant Workmen (Regulation of Employment and Conditions of Service) Act,
1979
The Child and Adolescent Labour (Prohibition and Regulation) Act, 1986,
The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act,
2013