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New Wage Code 2022: Employees with Rs 25 basic pay people will get Rs 1.16 crore, check out this calculation

The central government has notified four labour codes, namely, the Code on Wages, 2019, on August 8, 2019, and the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 on September 29, 2020. ....

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New Wage Code: Crucial meeting of Labour Ministry with industry today, discussion on allowance and salary structure on the cards | Personal Finance News

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.  ....

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