Exemption for IT, ITES & Knowledge-Based Industries in Karnataka | 5-Year Relief

Discover the extended 5-year exemption for IT, ITES, and knowledge-based industries from the Industrial Employment Act in Karnataka. Learn about the conditions and implications for your business.

πŸ“… June 11, 2024 | πŸ‘οΈ 65 views

Exemption for IT, ITES, and Knowledge-Based Industries from Industrial Employment Act in Karnataka

The Government of Karnataka has announced an exemption for IT, ITES, and other knowledge-based industries from the applicability of the Industrial Employment (Standing Orders) Act, 1946. This exemption, initially provided in 2019, has been extended for another five years. Here’s what this means for businesses and employees in the IT sector in Karnataka.

Key Points of the Exemption

Implications for IT and Knowledge-Based Industries

This exemption aims to foster a more flexible regulatory environment for IT, ITES, and other knowledge-based industries, promoting ease of doing business in Karnataka. By reducing the administrative burden, the government hopes to encourage growth and innovation in these sectors.

Conclusion

The extension of the exemption for IT and other knowledge-based industries from the Industrial Employment (Standing Orders) Act, 1946, highlights Karnataka's commitment to creating a supportive environment for businesses. Companies should take note of these conditions to benefit from the exemption while ensuring compliance with the stipulated requirements.

For further details, refer to the official notification issued by the Karnataka Labour Department.

πŸ“„ Download Official Notification (PDF)

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DCPS is committed to keeping businesses and workers informed about labor law changes and wage revisions. For further details or assistance with compliance, feel free to reach out to our team.

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