The new labour codes have overhauled how wages, gratuity, provident fund, pension and other social security benefits are ...
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New labour codes: Take-home pay may dip as PF and gratuity rise under unified definition of wages
Currently, PF is calculated at 12% of basic salary. With basic pay and allowances now forming a larger portion of ‘wages,’ mandatory PF contributions will rise without an increase in overall ...
Unlock the potential to become a crorepati with disciplined Public Provident Fund (PPF) investing. This government-backed ...
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Higher PF Contributions May Reduce Take-Home Salary
A new Code on Wages mandates basic salary to be at least 50% of total CTC, impacting employee paychecks. This change aims to ...
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