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आयकर विभाग ने आईटीआर 1, 4 के लिये 'ऑफलाइन' सुविधा शुरू की

आयकर विभाग ने आईटीआर 1, 4 के लिये 'ऑफलाइन' सुविधा शुरू की
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

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New Code Of Wages: Your Provident Fund And Gratuity Components Are Set To Rise


New code of wages: Your provident fund and gratuity components are set to rise
But if your salary is over Rs 15,000 the new Code of Wages may not materially impact your salary
December 21, 2020 / 08:08 PM IST
Your provident fund (PF) component and gratuity pay-out are set to increase once the new code of wages gets implemented from April 1, 2021. This is because the definition of ‘wages,’ based on which employers deduct provident fund contributions, will now be standardised as per the new Code of Wages, 2019.
The Code of Wages is a part of four labour codes that resulted from the merging 29 out of the 44 central government labour laws. The erstwhile acts that governed the employees’ provident fund (EPF) and gratuity will now be part of the Code of Social Security. But the calculation of your provident fund (your retirement kitty) will depend on the new definition of wages as per the new Code of Wages, 2019. ....

Sneha Malhotra , Pooja Ramchandani , Vivek Jalan , Shardul Amarchand Mangaldas , Nangia Andersen , Employee Provident Fund Scheme , New Labour Code , Social Security Code , Social Security , Tax Connect Advisory , நேஹா மல்ஹோத்ரா , பூஜா ராம்சந்தனி , விவேக் ஜலான் , ஷார்துள் அமர்சந்த் மங்கல்தாஸ் , ணங்கிய ஆண்டர்சன் , ஊழியர் வருங்கால நிதி திட்டம் , புதியது தொழிலாளர் குறியீடு , சமூக பாதுகாப்பு குறியீடு , சமூக பாதுகாப்பு ,