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Labour Code Changes Could Reshape Salary Structure and Employee Payouts
Salary structures may change as basic pay ratios rise, increasing PF and gratuity contributions while altering take-home pay.
Proposed wage rules increase the share of basic pay, raising PF, gratuity, and long-term benefits while reducing take-home salary for some employees. Standardization of working hours and leave rules may also influence cost structures for employers. These shifts aim to create consistency across industries and improve retirement security for workers.