Currency
Indian Rupee (INR)
Payroll Frequency
Monthly
Capital
New Delhi
Fiscal Year
1 April 2023– 31 March 2024
Employer Taxes
12% EPF contribution
Employee Costs
12% EPF, plus 1.75%
Date Format
DD-MMM-YYYY
Contribution
In India, as per labor laws applicable around Fiscal Year 2016–17, employees were entitled to several types of statutory leave benefits. Under the Shops and Establishments Act (which varies by state) and the Factories Act, 1948, most employees were eligible for Earned Leave (EL), Casual Leave (CL), and Sick Leave (SL). Typically, workers earned about 1 day of earned leave for every 20 days worked, which amounted to around 15 days of EL per year. Casual Leave was generally around 7–10 days per year, meant for short-term or urgent personal matters, while Sick Leave ranged from 7 to 12 days per year, depending on the state and employer policy. Women employees were entitled to maternity leave of 12 weeks (later extended to 26 weeks under the 2017 amendment). Public holidays, such as national and festival holidays, were also provided as per respective state laws, generally between 8 and 12 days annually.
Minimum Wage
In India, during the fiscal year 2016–17, the national floor-level minimum wage was set at ₹160 per day under the Minimum Wages Act, 1948. However, actual minimum wages varied by state and sector. For instance, as of April 1, 2016, under the Central Government schedule, agricultural workers earned around ₹234 per day in Area A, ₹213 in Area B, and ₹211 in Area C. Across different states, the rates ranged widely—from about ₹55 per day in Puducherry to nearly ₹374 per day in Delhi, depending on the region and the skill level of the worker (unskilled, semi-skilled, or skilled).
Payroll
Most companies in India process employee salaries once a month.
Working Hours
In India, the standard working hours generally follow the guidelines set by the Factories Act, 1948 and respective state Shops and Establishments Acts. Typically, a full-time employee works 8 to 9 hours a day, six days a week, totaling a maximum of 48 hours per week. Office jobs usually follow a schedule of 9:00 AM to 6:00 PM, with some variation depending on the sector, such as IT or BPO, where flexible or shift-based hours are common, often around 40–45 hours per week. Any work beyond the standard hours is considered overtime and is usually compensated at 1.5 times the normal wage. Employees are entitled to at least a 1-hour break after 5–6 hours of work, ensuring rest and compliance with labor regulations.
Leave
In India, as per labor laws applicable around Fiscal Year 2016–17, employees were entitled to several types of statutory leave benefits. Under the Shops and Establishments Act (which varies by state) and the Factories Act, 1948, most employees were eligible for Earned Leave (EL), Casual Leave (CL), and Sick Leave (SL). Typically, workers earned about 1 day of earned leave for every 20 days worked, which amounted to around 15 days of EL per year. Casual Leave was generally around 7–10 days per year, meant for short-term or urgent personal matters, while Sick Leave ranged from 7 to 12 days per year, depending on the state and employer policy. Women employees were entitled to maternity leave of 12 weeks (later extended to 26 weeks under the 2017 amendment). Public holidays, such as national and festival holidays, were also provided as per respective state laws, generally between 8 and 12 days annually.
Date |
Day |
Holiday |
Notes |
| 23-Aug-1982 | 28 | 25 | Corporis enim maiore |
|---|---|---|---|
| 09-Jun-1997 | 7 | 14 | Architecto fugit du |
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