New labour codes are set to redefine wage calculations, impacting salary structures, PF contributions, and gratuity payouts.
The Labour Ministry has confirmed that employees whose PF is calculated on the Rs 15,000 statutory wage ceiling will see no ...
Fears of reduced take-home salaries have surged since the new labour codes were notified, but a closer look at the PF ...
Labour Ministry confirms new labour codes won't decrease take-home pay; PF deductions remain based on ₹15,000 wage ceiling.
The Ministry of Labour stated that the new Labour Codes will not decrease take-home pay as PF deductions are based on a ...
A visible exception in the latest reform story is that the Employees’ Provident Funds and Miscellaneous Provisions Act (EPF ...
There has been concern that the new labour codes will reduce take-home salary due to higher PF calculations. However, the ...
The government has clarified that the new labour code will not reduce take-home pay if PF deduction is on statutory wage ...
Many salaried workers had feared that their net monthly income would reduce because the new codes require basic pay and ...