Hello friends! This is Avadhoot Joshi. I took my first Personal Finance Audit for the year 2020. After that, I review my ...
New labour codes are set to redefine wage calculations, impacting salary structures, PF contributions, and gratuity payouts.
Labour Ministry confirms new labour codes won't decrease take-home pay; PF deductions remain based on ₹15,000 wage ceiling.
Despite the inevitable transitional challenges that accompany reforms of this magnitude, the new Labour Codes mark a progressive and transformative shift—simplifying compliance, strengthening worker ...
There has been concern that the new labour codes will reduce take-home salary due to higher PF calculations. However, the ...
Rs 15,000 EPF salary limit, unchanged since 2014, is back in focus as Parliament hints at a revision. Rising costs mean ...
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Govt considering raising EPF wage ceiling, says labour minister
EPF wage ceiling revision under active review.Unions say current limit under-protects workers.Proposed hike may widen ...
Under current rules, workers earning more than Rs 15,000 can skip EPF altogether, meaning many employees do not automatically ...
Under current rules, employees earning above Rs 15,000 can opt out of EPF, leaving thousands of mid-level urban earners without automatic retirement savings. , Personal Finance, Times Now ...
A visible exception in the latest reform story is that the Employees’ Provident Funds and Miscellaneous Provisions Act (EPF ...
The EPF wage threshold was last increased in 2014, moving from Rs 6,500 to Rs 15,000 per month. Since then, salaries in urban ...
Authored by - Preetha Soman, partner, Tia Matthew, associate and Rebecca Thomas, associate, Labour and Employment Laws, JSA Advocates & Solicitors.
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