Tag: Provident Fund
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Home Salary: Boost Provident Fund & Gratuity Under New Labour Codes
Understanding the New Labour Codes and Your Home Salary The upcoming labour reforms, effective November 21, 2025, introduce a standardized approach to compensation across many employers. A key change is that the basic salary must comprise 50% of the total cost to company (CTC). While this aims to simplify compliance and enhance worker protections, it…
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Home Salary: Boost Provident Fund & Gratuity Contributions Under New Labour Codes
Understanding the New Labour Codes and Your Salary Starting November 21, 2025, new labour codes introduce a common framework that affects how salaries, provident funds, and gratuity are calculated. A key provision mandates that a worker’s basic salary must be 50% of the gross CTC (cost to company). This change is designed to simplify compliance,…
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Home Salary and Retirement Contributions: Navigating Provident Fund & Gratuity Under Labour Codes 2025
Understanding the New Labour Codes and Their Impact on Your Home Salary Starting November 21, 2025, a set of unified Labour Codes will reshape salary structures across many sectors. A key provision mandates that the basic salary should be 50% of the total cost to company (CTC). This shift can influence take-home pay, as higher…