The Ministry of Labour and Employment, vide Notification S.O. 2702(E), has notified ₹15,000 per month as the wage ceiling for the purposes of Chapter III of the Code on Social Security, 2020. The notification provides regulatory clarity regarding the wage threshold applicable for determining coverage and eligibility under the relevant provisions of the Chapter. Employers, HR professionals, payroll administrators, compliance officers, and employees should take note of the prescribed wage ceiling while assessing obligations, benefits, and statutory compliance requirements under the Code. The notification is expected to play a key role in the implementation and administration of social security benefits by establishing a uniform wage benchmark for the specified provisions. Stakeholders are advised to review the notification carefully for detailed applicability and compliance implications.
Ministry of Labour Notifies ₹15,000 Wage Ceiling under Section 2(89) of the Code on Social Security, 2020
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