The key change in the new code is the definition of ‘wage’, an equivalent of the erstwhile ‘basic’ pay, which must be at least 50% of total pay, unlike the lower proportions typically used by most Indian companies For the full story, visit the source.
Politics
Companies brace for take-home pay concerns on Labour Code-led salary restructuring
The key change in the new code is the definition of ‘wage’, an equivalent of the erstwhile ‘basic’ pay, which must be at least 50% of total pay, unlike the lower proportions typically used by most Indian companies
By Sindhu Hariharan· BusinessLine· 5 months ago· 2 min read
This summary is sourced from BusinessLine. Read the full article at:BusinessLine