Labour Codes-implementation

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New labour codes on the cards: PF liability of companies to rise, workers to see reduction in take-home pay
Business

New labour codes on the cards: PF liability of companies to rise, workers to see reduction in take-home pay

Under the new wages code, allowances are capped at 50 percent. Employers have been splitting wages into numerous allowances to keep basic wages low to reduce provident fund and income tax outgo.