HCL
HCL
on
WobblyJellybean
WobblyJellybean
2mo
by

Trending @HCL; Appraisal will not create any impact to in-hand salary?

There is a new labour law 50% of CTC should be basic pay and this lead to PF contribution also increases. I guess the default PF detection is 12% from the basic pay.

I think in-hand can also go down what we are getting currently!!

😢😢

2mo ago
PeppySushi
PeppySushi
2mo

It will one who leaves the company on 6th Jan fnf will be done after 45 days as per law it should be done within one week but this 50% they will implement because they don't want tongive money to employees instead more pf will be deducted and will be done to HCL trust as epfo account then shiv nadar will say I don't crore of rupees bla bla

WobblyJellybean
WobblyJellybean
2mo

exactly.. I guess HCL is the only one talking about this law aggressively, not other companies..

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