Secondly, would be the changes in PF/ Social Security Contributions. The impact of the new Labor Law codes on PF is closely tied with the increase in the basic pay. Earlier, PF was calculated on a lower basic pay. However, now, if the wages are restructred upward, to meet the 50 percent rule. WIth this, higher ages may result to higher EPF contribution on a monthly basis and will directly affect employees net salary.