BrunGa
Active member
New Wage Code: Crucial meeting of Labour Ministry with industry today, discussion on allowance and salary structure on the cards If it is agreed upon that Allowances cannot be more than 50% in salary, then take home salary will be less and investment in Provident Fund (PF) will increase. The industry believes the new wage code is expected to increase the burden in the short term. Therefore, the industry should get 2-3 months to implement the new rules.