Take-Home salary may reduce from April next year

According to the new compensation rules as notified by the government under the Code on Wages 2019, the in-hand component of salaries of employees may reduce starting next financial year. Organizations would have to restructure the pay packages as according to the new rules, the allowance component cannot exceed 50 percent of the total salary or compensation and this basically implies that basic salary has to be 50 percent.
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