According to the new Wage Code rules, the basic salary of the employees should be 50% of the total salary or the Cost to Company (CTC) , and not less than this. At present, most companies keep the basic salary of the employees low and the number of allowances remains high.21 Tem 2021
Read moreWhat is the minimum salary to be paid in India?
The Code on Wages Bill (2019) passed recently by the parliament, has mandated the payment of a minimum wage to workers around the country. According to the new Bill, a minimum wage of ₹178 per day must be paid to all workers in India.
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