New Labour Codes: No Take-Home Salary Cut, Ministry Clarifies PF Rules

• Ministry of Labour and Employment assures that new Labour Codes will not reduce employees' take-home salary.
• PF deduction above the ₹15,000 salary ceiling will be optional, not mandatory for companies.
• The new codes introduce a uniform 'wage' definition for PF, gratuity, and ESI calculations.
• Companies will need to restructure CTC, but employees' in-hand salary will remain stable.
• This clarification aims to alleviate employee concerns about potential salary cuts under the new Labour Code framework.

Why It Matters: New labor codes ensure your take-home salary won't decrease.