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

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

Labour Ministry confirms new labour codes won't decrease take-home pay; PF deductions remain based on ₹15,000 wage ceiling.

Fears of reduced take-home salaries have surged since the new labour codes were notified, but a closer look at the PF ...

The Ministry of Labour stated that the new Labour Codes will not decrease take-home pay as PF deductions are based on a ...

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 related components to make up at least 50% of total salary.

The Labour Ministry has confirmed that employees whose PF is calculated on the Rs 15,000 statutory wage ceiling will see no reduction in take-home pay. Any PF contribution beyond this limit remains ...