New labour codes are set to redefine wage calculations, impacting salary structures, PF contributions, and gratuity payouts.
There has been concern that the new labour codes will reduce take-home salary due to higher PF calculations. However, the ...
Fears of reduced take-home salaries have surged since the new labour codes were notified, but a closer look at the PF ...
A visible exception in the latest reform story is that the Employees’ Provident Funds and Miscellaneous Provisions Act (EPF ...
The Employees’ Pension Scheme (EPS), part of the Employees’ Provident Fund (EPF), provides salaried employees with a monthly pension after retirement, based on contributions made during their service.
The new labour codes may shrink your take-home salary, but they quietly boost your tax-efficient retirement savings. With basic pay now required to be at least 50% of CTC, employees automatically see ...
Many salaried workers had feared that their net monthly income would reduce because the new codes require basic pay and ...
For most salaried employees, the Employees’ Provident Fund is familiar territory, but the Employees’ Pension Scheme that sits inside it is not. Every month, a part of your employer’s EPF contribution ...
Greater clarity is needed on the impact on EPF contributions of employees with basic monthly salaries of over Rs 15,000 and ...
Amid widespread speculation and concern among employees, the Ministry of Labour and Employment has officially clarified that ...
EPFO’s pro-rata pension method comes under scrutiny as inconsistencies are flagged, potentially impacting higher pension ...
The Employees' Provident Fund (EPF) is a long-term savings scheme where both the employee and the employer contribute every ...