IndiaTech seeks rethink of gig-worker social security levy
In short
IndiaTech wants the government to rethink a levy on gig-worker social security. The rule says aggregators must pay 1-2% of annual turnover, up to 5% of what they pay or owe to those workers.
This matters for platform companies because the cost could be significant. The report does not say what exact change IndiaTech is asking for.
What the reporting says
IndiaTech is seeking a rethink of the turnover-linked social security levy for gig workers under the Code on Social Security, 2020, according to a publisher-supplied summary. The reported rule requires aggregators to contribute 1-2% of annual turnover, subject to a cap of 5% of the amount paid or payable to such workers. The immediate issue is the burden on platform companies, but the source does not state the changes IndiaTech wants.
Why it matters
IndiaTech is seeking a rethink of the turnover-linked social security contribution for gig and platform workers under the Code on Social Security, 2020. The reported rule requires aggregators to contribute 1-2% of annual turnover, capped at 5% of the amount paid or payable to such workers. The source does not state the industry group’s alternative proposal or whether any policy change is under consideration.