Highlights Budget to go paperless this time. Budget session will be held in two phases Jan 29 to Feb 15 and March 8 to April 8. New Delhi: As millions of salaried individuals are eagerly waiting for Finance Minister Nirmala Sitharaman's Union Budget 2021 announcement, the government's notification on Code on Wages 2019 may reduce the take-home pay of employees next financial year ie, April 2021 while components like PF and Gratuity might rise. A couple of months ago, the government notified draft rules under Code on Wages 2019, following which take-home pay of employees may be reduced from next financial year ie, April 2021 because the draft rule required companies to restructure their salary break up.