Higher PF outgo may blunt salary hikes

Salary hikes this year may not translate into higher cash-in-hand for employees if organisations choose to pay more in provident fund (PF) contributions due to the new definition of wages proposed by the government, showed a study.

from Wealth-Economic Times https://economictimes.indiatimes.com/wealth/personal-finance-news/higher-pf-outgo-may-blunt-salary-hikes/articleshow/81182877.cms