New labour codes are set to redefine wage calculations, impacting salary structures, PF contributions, and gratuity payouts.
4hon MSN
Why your take-home salary won't change much under new labour codes, clarifies labour ministry
New labour codes will not reduce take-home pay for employees whose Provident Fund deduction is on the statutory wage ceiling ...
Employees whose monthly PF contribution is Rs 1,800, calculated as 12 per cent of Rs 15,000, will see no change in take-home ...
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Labour Ministry confirms new labour codes won't decrease take-home pay; PF deductions remain based on ₹15,000 wage ceiling.
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