Govt: New Labor Codes Won't Cut Take-Home Pay; PF Limit ₹15K Unchanged

• Concerns arose among employees that new labor laws would reduce their take-home salary.
• The Ministry of Labour & Employment clarified that new labor codes will not decrease take-home pay.
• PF deductions will continue to be calculated based on the statutory wage ceiling of ₹15,000.
• Confusion stemmed from the new code's provision requiring basic salary to be at least 50% of total salary.
• Despite potential changes in salary structure, mandatory PF contributions remain capped at ₹15,000, ensuring no impact on take-home pay.

Why It Matters: New labor laws won't cut take-home pay, government confirms.