The Social Security Code (SSC 2020) was passed by both houses of the Parliament and received the Presidential assent on September 28, 2020. The code has been enacted to amend and consolidate laws relating to social security with the goal to extend social security to all employees and workers in the organized and unorganized sectors. This code will be effective from a date yet to be notified by the Government. This document attempts to address the commonly raised queries by employers pertaining to the major changes of the SSC 2020 regarding remuneration, its impact on employee benefits, and the accounting implications.