Govt: New Labor Codes Won't Cut Salaries, PF Limit Unchanged

• Central government clarifies new labor codes will not reduce employees' take-home salary, countering social media rumors.
• PF contribution calculation will continue to be based on the existing ₹15,000 wage limit.
• Employees can voluntarily increase PF contributions beyond the limit, but companies cannot compel them.
• The new labor codes introduce a uniform definition of "wages," impacting social security benefits like PF, gratuity, and ESI.
• Companies may need to adjust their Cost to Company (CTC) structures due to the new wage definition, but employee take-home pay is assured to be secure.

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