New PF Rule 2021: What changes to be made by the employer in CTC
In 2021, new rules regarding Provident Fund (PF) have been introduced, impacting how employers structure Cost to Company (CTC) for employees. Employers must now make adjustments to align with these changes, ensuring compliance with the updated regulations. It is essential for organizations to review and update their CTC components to reflect the new PF rules accurately. Failure to do so could result in non-compliance and potential penalties. Stay informed and make the necessary modifications to adhere to the latest PF regulations.
In 2021, new rules regarding Provident Fund (PF) have been introduced, impacting how employers structure Cost to Company (CTC) for employees. Employers must now make adjustments to align with these changes, ensuring compliance with the updated regulations. It is essential for organizations to review and update their CTC components to reflect the new PF rules accurately. Failure to do so could result in non-compliance and potential penalties. Stay informed and make the necessary modifications to adhere to the latest PF regulations.