Diabytes
New wages code News
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The labour ministry had envisaged implementing the four codes on industrial relations, wages, social security and occupational health safety & working conditions from April 1, 2021.
As per the new wages code, allowances are capped at 50 percent which basically means that half of the gross pay of an employee will be basic wages.
After the implementation of new codes, the take-home pay of employees would reduce while provident fund liability of employers would increase in many cases.
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Bumper salary increments this year.
Highest among BRICS nations.
But hike may not translate into higher cash-in-hand.
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