Highlights Take-home pay may reduce. PF and Gratuity might rise. New Delhi: The discussion on the new Wages Code is yet again gaining steam with media reports stating that renewed salary structure will be implemented from July. The new wage code was to be implemented from April 1, but the Ministry of Labour postponed it. Media reports said that if the same is implemented from July, then there can be a big change in the salary structure of the job seekers. Take home pay to be affected 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. This is based on the grounds that the new wage code mentions provision entailing that the employee's basic salary will be at least 50 percent of his/her net monthly CTC. Hence, if this provision comes into effect, it will mean that employees will not be able to get more than 50 percent of his/her net monthly salary in form of allowance.