The Institute of Chartered Accountants of India (ICAI) has released FAQs clarifying new labor laws, particularly concerning gratuity payouts. Under the revised codes, gratuity will be calculated based on a new definition of wages, requiring at least 50% of total remuneration to be considered wages. This change, subsuming the Payment of Gratuity Act, 1972, is expected to increase gratuity liabilities and payouts for employees whose last drawn wages meet the new threshold.