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…..