Gaurav Nishant

Hi! I'm Gaurav, a Software Engineer by profession and a credit card enthusiast by heart. I love earning reward points and cashbacks from credit cards and giving 'gyaan' on credit cards and personal finance.

Changes in Salary Structure starting April 2021

Changes in Salary Structure Wage Code 2019

If you are a salaried employee working in India, you might see some changes in salary structure in your payslip starting April 2021, which may lead to a decrease in your take home salary (net salary). In the Wage Code of 2019, it is stated that the allowances part of the salary cannot be more than 50% of the total salary. Let us see in simple language what it means for you and how it impacts your salary…..

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