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Corporate Compliance 27 September 2026

India's Wage, PF & Savings Schemes See Major Updates

The Indian government is set to review October‑December interest rates for PPF, SSY, SCSS and KVP after a steady July‑September period, while the 2026 Code on Wages enforces a 50% basic‑salary rule reshaping salary structures, PF and gratuity. Simultaneously, the EPF wage ceiling is being lifted, raising employee contributions to roughly Rs 3,917 monthly and extending coverage to millions, alongside state‑level moves such as Tamil Nadu’s minimum‑wage order and Amma canteen staff wage demands.

Interest rates review: The government will assess October‑December rates for PPF, SSY, SCSS and KVP after a pause in July‑September 2026. Read more.

50% wage rule: The 2026 Code on Wages mandates that basic pay cannot exceed 50% of total salary, reshaping PF, gratuity and take‑home calculations. Details.

EPF contribution rise: Raising the EPF wage ceiling could lift employee contributions to Rs 3,917 per month, extending coverage to an extra ten million workers. Times Now | TOI.

State initiatives: Tamil Nadu’s historic minimum‑wage order aimed at ending bonded labour, while Amma canteen staff are pressing for a Rs 15,000 wage. New Indian Express | DT Next.

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India's Wage, PF & Savings Schemes See Major Updates | Legal Suvidha