Why Your Take-Home Salary May Have Dropped By Rs 1,200
Abp Newsvia NewsData.io
Your take-home salary may have reduced this month following a reported change in the wage ceiling used for Provident Fund (PF) calculations. The Centre is said to have increased the wage limit from Rs 15,000 to Rs 25,000, with the revised provision taking effect from September 17. Under the earlier calculation, the maximum monthly employee contribution towards PF was Rs 1,800. With the wage ceiling raised to Rs 25,000, the monthly deduction has increased to Rs 3,000, meaning employees could receive around Rs 1,200 less in their take-home salary. However, the higher deduction also means a large
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