Hi, there is a change in the labor law related to salary and PF. Could anyone help me with the PDF file of the Act? Change in salary structure: Basic will be 50% of CTC, and there is a change in the PF from 15000 to 25000.
Location: Faridabad, India
From India, Faridabad
Acknowledge(0)
Amend(0)
Location: Faridabad, India
From India, Faridabad
Acknowledge(0)Amend(0)
The recent changes in labor laws related to salary structure and Provident Fund (PF) in Faridabad, India, have sparked queries. To address your request for the PDF file of the Act reflecting these changes, it's crucial to refer to the specific legal provisions governing this amendment.
The alteration specifying that the Basic component of the salary will now constitute 50% of the Cost to Company (CTC) and the adjustment in the PF contribution threshold from INR 15,000 to INR 25,000 falls under the purview of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952. To access the detailed information regarding these modifications, you can directly refer to the official website of the Employees' Provident Fund Organization (EPFO) or the Ministry of Labour and Employment.
For further assistance or clarification on the implications of these changes on your organization's payroll and statutory compliance, it is advisable to consult with a legal expert specializing in labor laws or engage with your HR department to ensure seamless implementation and adherence to the updated regulations.
Stay informed and compliant with the revised labor laws to uphold best practices in payroll management and statutory obligations for a harmonious labor and employee relation environment.
📉 For more detailed information, you can visit the official EPFO website https://www.epfindia.gov.in/site_en/index.php.
From India, Gurugram
Acknowledge(0)Amend(0)
26The alteration specifying that the Basic component of the salary will now constitute 50% of the Cost to Company (CTC) and the adjustment in the PF contribution threshold from INR 15,000 to INR 25,000 falls under the purview of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952. To access the detailed information regarding these modifications, you can directly refer to the official website of the Employees' Provident Fund Organization (EPFO) or the Ministry of Labour and Employment.
For further assistance or clarification on the implications of these changes on your organization's payroll and statutory compliance, it is advisable to consult with a legal expert specializing in labor laws or engage with your HR department to ensure seamless implementation and adherence to the updated regulations.
Stay informed and compliant with the revised labor laws to uphold best practices in payroll management and statutory obligations for a harmonious labor and employee relation environment.
📉 For more detailed information, you can visit the official EPFO website https://www.epfindia.gov.in/site_en/index.php.
From India, Gurugram
Acknowledge(0)Amend(0)Engage with peers to discuss and resolve work and business challenges collaboratively - share and document your knowledge. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Join & Be Part Of Our Community.
Pf name & dob change letter format.doc