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⚡Labour Codes Update: 50% Wage Rule To Boost PF Savings and Gratuity Payouts

By Kabir

New labour codes are set to increase provident fund (PF) contributions and gratuity payouts by mandating a 50% wage rule in salary structures. While this may reduce monthly take-home pay, it will significantly boost long-term retirement savings and final gratuity benefits, improving financial security for employees.

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