Why Are Labour Laws Denting Corporate Profits?

India's new labor codes just cost three companies in corporate India over ₹4,373 crore in a single quarter. TCS, Infosys, and HCLTech are reeling from retrospective gratuity provisions that go back decades. The government says it's modernizing—one unified wage definition, digital compliance, formalized workforce. Companies say it's a compliance nightmare with twenty-four states at different stages of implementation. In this episode, host Anirban Chowdhury asks Puneet Gupta, Partner, People Advisory Services-Tax, EY to break down why your basic salary just became 50% of your paycheck, how a twenty-year employee's gratuity calculation changed overnight, and whether this reform will create seventy-seven lakh jobs or simply tax the ones that already exist. Short-term pain or structural transformation? Listen in.You can follow Anirban Chowdhury on his social media: X and Linkedin Check out other interesting episodes like: How Will a Volatile ₹ Impact You in 2026?,Capital Pains: Budget 2026's Loud Silences, India’s Labour Law Reboot, Viral to Valuation: Building Women’s Cricket as a Brand, Why are Music Labels Buying Into Film Companies? and much more. Catch the latest episode of ‘The Morning Brief’ on The Economic Times Online, Spotify, Apple Podcasts, JioSaavn, Amazon Music and Youtube.See omnystudio.com/listener for privacy information.