{"id":2681,"date":"2015-05-21T16:49:59","date_gmt":"2015-05-21T11:19:59","guid":{"rendered":"http:\/\/www.officechai.com\/?p=2681"},"modified":"2015-05-21T16:49:59","modified_gmt":"2015-05-21T11:19:59","slug":"your-take-home-salary-could-see-a-cut-after-new-pf-regulations","status":"publish","type":"post","link":"https:\/\/officechai.com\/news\/your-take-home-salary-could-see-a-cut-after-new-pf-regulations\/","title":{"rendered":"Your Take-Home Salary Could See A Cut After New PF Regulations"},"content":{"rendered":"<p><span style=\"font-size: 12pt; color: #000000;\">You could be in for an unpleasant surprise when you look at your salary slip next month, if the Labour Ministry\u00a0has its way. The ministry has proposed that house rent, gratuity, traveling and other allowances be calculated as part of the \u201ccontributing wages\u201d on which provident fund would be deducted. This would mean higher contributions to your PF each month, and a cut in your take home pay.<\/span><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">The proposal is part of the final amendments of the Employees\u2019 Provident Fund and Miscellaneous Provisions Act, 1952, that has also sought to increase PF deductions to 12 per cent of the contributing wages from the current rate of 10 per cent.<\/span><\/p>\n<p><a href=\"https:\/\/i0.wp.com\/www.officechai.com\/wp-content\/uploads\/2015\/05\/pennies_large.jpg\"><img data-recalc-dims=\"1\" fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-2682\" src=\"https:\/\/i0.wp.com\/www.officechai.com\/wp-content\/uploads\/2015\/05\/pennies_large.jpg?resize=640%2C339\" alt=\"pennies_large\" width=\"640\" height=\"339\" srcset=\"https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2015\/05\/pennies_large.jpg?w=660&amp;ssl=1 660w, https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2015\/05\/pennies_large.jpg?resize=300%2C159&amp;ssl=1 300w, https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2015\/05\/pennies_large.jpg?resize=600%2C318&amp;ssl=1 600w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">This proposal\u00a0is a departure\u00a0from the current method of calculating the PF contributions in which PF is deducted only from basic wages.\u00a0<\/span><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">The comes due to the different wage structures followed by establishments and High Court rulings. \u201cTo bring uniformity and transparency in the calculation of contribution payable by the employers, the definition of the contributing wages is proposed to be included. Specific details of allowances included or excluded for the purpose of PF contribution have been mentioned to avoid any ambiguity,\u201d the labour ministry said.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Labour ministry has proposed that house rent, gratuity, traveling and other allowances be calculated as part of the \u201ccontributing wages\u201d on which provident fund would be deducted. This would mean higher contributions to your PF each month, and a cut in your take home pay.<\/p>\n","protected":false},"author":2,"featured_media":2682,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[202],"tags":[238,239],"class_list":["post-2681","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-provident-fund","tag-salary"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Your Take-Home Salary Could See A Cut After New PF Regulations<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/officechai.com\/news\/your-take-home-salary-could-see-a-cut-after-new-pf-regulations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Your Take-Home Salary Could See A Cut After New PF Regulations\" \/>\n<meta property=\"og:description\" content=\"The Labour ministry has proposed that house rent, gratuity, traveling and other allowances be calculated as part of the \u201ccontributing wages\u201d on which provident fund would be deducted. This would mean higher contributions to your PF each month, and a cut in your take home pay.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/officechai.com\/news\/your-take-home-salary-could-see-a-cut-after-new-pf-regulations\/\" \/>\n<meta property=\"og:site_name\" content=\"OfficeChai\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/OfficeChai\/\" \/>\n<meta property=\"article:published_time\" content=\"2015-05-21T11:19:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2015\/05\/pennies_large.jpg?fit=660%2C350&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"660\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bart Eshwar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@OfficeChai\" \/>\n<meta name=\"twitter:site\" content=\"@OfficeChai\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bart Eshwar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/officechai.com\/news\/your-take-home-salary-could-see-a-cut-after-new-pf-regulations\/\",\"url\":\"https:\/\/officechai.com\/news\/your-take-home-salary-could-see-a-cut-after-new-pf-regulations\/\",\"name\":\"Your Take-Home Salary Could See A Cut After New PF Regulations\",\"isPartOf\":{\"@id\":\"https:\/\/officechai.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/officechai.com\/news\/your-take-home-salary-could-see-a-cut-after-new-pf-regulations\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/officechai.com\/news\/your-take-home-salary-could-see-a-cut-after-new-pf-regulations\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2015\/05\/pennies_large.jpg?fit=660%2C350&ssl=1\",\"datePublished\":\"2015-05-21T11:19:59+00:00\",\"author\":{\"@id\":\"https:\/\/officechai.com\/#\/schema\/person\/b33bbc9cd71f8bebf290a266692ec380\"},\"breadcrumb\":{\"@id\":\"https:\/\/officechai.com\/news\/your-take-home-salary-could-see-a-cut-after-new-pf-regulations\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/officechai.com\/news\/your-take-home-salary-could-see-a-cut-after-new-pf-regulations\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/officechai.com\/news\/your-take-home-salary-could-see-a-cut-after-new-pf-regulations\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2015\/05\/pennies_large.jpg?fit=660%2C350&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2015\/05\/pennies_large.jpg?fit=660%2C350&ssl=1\",\"width\":660,\"height\":350},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/officechai.com\/news\/your-take-home-salary-could-see-a-cut-after-new-pf-regulations\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/officechai.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Your Take-Home Salary Could See A Cut After New PF Regulations\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/officechai.com\/#website\",\"url\":\"https:\/\/officechai.com\/\",\"name\":\"OfficeChai\",\"description\":\"Startups, Businesses And Careers\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/officechai.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/officechai.com\/#\/schema\/person\/b33bbc9cd71f8bebf290a266692ec380\",\"name\":\"Bart Eshwar\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/officechai.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f48cf0b2f17ca1ae00050bdf99bd011f9d3cada36ebd57303af1626cb336ff5e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f48cf0b2f17ca1ae00050bdf99bd011f9d3cada36ebd57303af1626cb336ff5e?s=96&d=mm&r=g\",\"caption\":\"Bart Eshwar\"},\"description\":\"Bart Eshwar is interested in startups, business and green tea. 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