As per Govt directive , New labor code is mandatory for all companies from Apr 1 . Most of Indian MNCs implemented already .But no communication from Cognizant regarding this yet.
Anyone from payroll/HR/ Senior leadership can clarify on this

likehelpful
Posting as :
works at
You are currently posting as works at

If it's implemented
Will our in-hand salary be reduced?
As basic pay will be 50% now
And PF will now be calculated on increased basic pay!

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+1

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It is for Indian native company

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Kr liya bhai where is your 50% basic rule, kuch change Hui kya salary yea in-hand ??

.

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From Apr 1 it's full implementation of the new wage code. Every company has to follow it mandatorily. I guess we will get the communication soon

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Yes in-hand salary will decrease

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