Employees who currently contribute Rs 1,800 to PF, which is 12 per cent of the Rs 15,000 statutory wage limit will notice no change in their take-home salary. For those whose basic salary is below Rs ...

New labour codes, particularly the Code on Social Security, aim to transform Provident Fund into a social insurance system, ...

Fears of reduced take-home salaries have surged since the new labour codes were notified, but a closer look at the PF calculation shows the impact may not be what many employees expect.

New labour codes are set to redefine wage calculations, impacting salary structures, PF contributions, and gratuity payouts. The broader definition of ...

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 ...

Many salaried workers had feared that their net monthly income would reduce because the new codes require basic pay and related components to make up at least 50% of total salary.