Trending @HCL; New Labour Laws
With new labour laws mandating the fixed basic pay , which will affect the PF contribution from employed .Do you guys think this will cause any financial burden on HCL Tech which in turns postpone any appraisal ?
No financial burden on hcl tech.. because from our ctc we pay our own part and company part as well..
You means to say that we are paying 24% from our basic salary to epf ? But in my case why only 12% of basic deduct as epf?
That's okay but as per EPF rule, 12% employees and 12% employers contribution of basic salary should be their right? But in my salary slip only 12% of basic is contributing to epf. Just wanted to know why? It should be 24% can you check yours?
Companies are given 45 days of time to implement and comply with the new labour codes. So everyone please be ready for acche din I mean your reduced In hand salary from December 2025 or Jan 2026 onwards maximum. Also to clarify, yes there is a definite increase in financial burden on companies including HCL as they have to contribute more amount towards your PF after restructuring your CTC to have 50% of your basic salary. Also, another immediate burden will be towards gratuity which companies have to pay even if an employee decides to leave the company after 1 year of employment (which earlier was 5 years and companies saved a lot of money as most employees tend to leave the org before that) . Thanks
Partially correct. 1 year gratuity rule is for contract employees and not permanent..
Take home may get reduced. In longer run it will be useful but if you have EMIs, one may feel burden as in hand gets reduced.
Impact will be there in hand salary will decrease and retirement benefits will increases. For long term new laws are beneficial.
Yeah take home gets reduced
Let's see
But yes home take will be less
