Contract employees and Wage Code 2019

Hi,

How new wage code will impact contractor and contract employee?

Please share details.

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Hi @RamyaV

Wage code as such has some changes with respect to the contributions to be made to PF and accordingly aligning the Salary Structure.

The things I predict might change are:

  1. CTC Structure
  2. Contractor remitting PF amount for his/her employees.

So both the principle employer and the contractor employer need to mutually close this.

But we will wait for the draft to come.

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