Govt: New Labor Codes Won't Reduce Take-Home Pay; PF Cap ₹15K

• Government clarifies new labor codes will not reduce employees' take-home salary.
• PF deductions will remain based on the existing ₹15,000 wage ceiling.
• Contributions beyond the ₹15,000 ceiling are optional, not mandatory.
• The Ministry of Labour addressed concerns that new wage definitions might increase PF and decrease take-home pay.
• An example showed take-home salary remains unchanged as PF calculation is capped at ₹15,000, regardless of new wage structures.

Why It Matters: Government assures new labor codes won't decrease employee take-home salary.