Labour Code: Here’s what will change in your take home salary, PF, DA amount, pay structure and more
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. The PF contribution is calculated as a percentage of the basic wage, which includes basic pay and dearness allowance (DA).
Jun 07, 2021, 16:00 PM IST
Indian companies to give bumper salary hike in 2021, but your take home pay will still not increase --Here's why
Companies in India are 7.7 percent salary increase in 2021, one of the highest among the BRIC nations, and higher than the average actual increase of 6.1 per cent in 2020, Global professional services firm Aon Plc that released insights from its latest Salary Increase Survey in India said.
Feb 25, 2021, 10:09 AM IST
