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Why your in hand salary may not change yet under new labour codes

Why your in hand salary may not change yet under new labour codes

Salaried workers may not notice any pay slip change yet because India’s new labour codes are being rolled out unevenly across states. Some provisions like ESI coverage can shift sooner, but the bigger impact on in hand salary—especially PF contributions—has been delayed. Employers are planning transitions around annual reviews rather than immediate salary revisions.

Summarised by Beize from a story on The Economic Times on 8 May 2026
EPFO overhauls PF trust rules risk based audits and an interest cap for exempt establishments

EPFO overhauls PF trust rules risk based audits and an interest cap for exempt establishments

EPFO has introduced new rules for companies running their own provident fund trusts. Instead of mandatory annual audits, oversight will shift to a risk-based audit system. The interest rates offered by such trusts will be capped, and exempted establishments can keep their status even after mergers and acquisitions. The changes are designed to strengthen governance while easing compliance for businesses.

Summarised by Beize from a story on The Economic Times on 6 May 2026

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SpiceJet starts job cuts as delayed salaries and unpaid dues pile up

SpiceJet starts job cuts as delayed salaries and unpaid dues pile up

SpiceJet, India’s oldest private airline, is rapidly deteriorating operationally and financially. With capacity sharply reduced, the carrier has begun furloughs and is delaying salaries for employees by up to two months or more. Unpaid dues including GST, TDS, and PF are also accumulating, deepening uncertainty for staff and stakeholders as the airline hunts for a lifeline.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
New wage rules may lift PF and gratuity but cut take home pay for employees

New wage rules may lift PF and gratuity but cut take home pay for employees

India’s new Code on Wages requires basic salary to be at least 50% of total CTC. That shift is expected to raise provident fund and gratuity contributions, boosting long-term retirement savings. But employees may see lower take-home pay as employers restructure allowances to meet the rule—effectively making it harder for firms to minimize retirement contributions.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Orissa HC rules director can face criminal case for missing Rs 15 lakh PF deductions

Orissa HC rules director can face criminal case for missing Rs 15 lakh PF deductions

The Orissa High Court allowed a criminal case to continue against a company director accused of not depositing Rs 15 lakh deducted from employees’ salaries for provident fund. The director argued that the firm later became insolvent and the dues were subsequently cleared. The court said later payment does not erase criminal liability for the original failure.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
EPFO lets members delink wrong MIDs from UAN even with contributions—here’s who qualifies and how

EPFO lets members delink wrong MIDs from UAN even with contributions—here’s who qualifies and how

EPFO has expanded its facility for members to delink incorrect Member IDs (MIDs) from their Universal Account Number (UAN), even when EPF contributions already exist. The change targets cases where wrong MIDs were created without a member’s knowledge. Eligible members can use the official process to correct linkage, but not if claims are processed, pending, or multiple.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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