Will Your Salary Drop Under New Labour Codes? Centre Clarifies Take-Home Pay Impact
Will Your Salary Drop Under New Labour Codes? Centre Clarifies Take-Home Pay Impact
New Delhi: Following the notification of the new labour codes in november and many employees expressed concern that their take-home salary might decrease. The worry stems from the rule that basic pay may now constitute 50% of the CTC, which could reduce other allowances, coupled with the possibility of higher Employee Provident Fund (EPF) deductions.The Centre has clarified the impact, reassuring employees that overall earnings will not necessarily fall, though the salary structure may see adjustments to data-align with the new guidelines. Disclaimer:The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk.