Central
Labour CodeNotification on Section 127 regarding simple interest
Central published this gazette notification (Gazette ID: central-notification-on-section-127-regarding-simple-interest) on 2026-05-29, filed under Labour Code. The purpose of this notification is to provide a clear understanding of the provisions related to simple interest under Section 127 of the Labour Code, facilitating effective implementation and compliance.
| Issue Date | |
| Published | |
| Gazette ID | central-notification-on-section-127-regarding-simple-interest |
| Category | Labour Code |
Action Required
Employers and HR departments must review their existing policies and procedures to ensure compliance with the notification regarding simple interest under Section 127 of the Labour Code. They should also update their systems to accurately calculate simple interest as per the notification.
Statutes & Rules Amended
- Labour Code
- Section 127
Compliance Impact
| Action Required | Employers and HR departments must review their existing policies and procedures to ensure compliance with the notification regarding simple interest under Section 127 of the Labour Code. They should also update their systems to accurately calculate simple interest as per the notification. |
| Compliance Deadline |
Purpose
The purpose of this notification is to provide a clear understanding of the provisions related to simple interest under Section 127 of the Labour Code, facilitating effective implementation and compliance.
Summary
The Central Government has issued a notification regarding Section 127 of the Labour Code, which pertains to the calculation of simple interest. This notification aims to provide clarity on the application of simple interest under the Labour Code, ensuring consistency in its calculation across various jurisdictions.