EPF rules: New Labour Code vs old PF law creates payroll & tax confusion for employers
A visible exception in the latest reform story is that the Employees’ Provident Funds and Miscellaneous Provisions Act (EPF Act), 1952—India’s principal PF law—is yet to be repealed. This means that the new wage universe governing gratuity, ESI and leave encashment, and the old wage definition continuing for PF both operate simultaneously.