The Institute of Chartered Accountants of India (ICAI) has advised companies to account for financial implications of new labor codes, effective November 21. Key changes include a reduced threshold for paid annual leaves and a revised definition of 'wages' where at least 50% of total remuneration must be basic pay, dearness allowance, or retaining allowance. Companies must recognize increased gratuity liability in their upcoming financial results for the quarter ending December 31, 2025, according to ICAI guidelines.