Puneet Gupta
Partner in People Advisory Services–Tax at EY and labour-law & payroll expert who advises on implementation and impact of India's new labour codes and workforce formalisation.
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Feb 3, 2026 • 12min
Why Are Labour Laws Denting Corporate Profits?
Puneet Gupta, Partner in People Advisory Services–Tax at EY and labour‑law and payroll expert, breaks down India’s new labour codes. He explains the new common wage definition and why statutory costs spiked. He discusses retrospective gratuity recalculations, which sectors are hardest hit, and whether firms will reshuffle pay or slow hiring. Short‑term shock versus long‑term formalisation is a recurring theme.
