Your take-home salary may reduce from April 2021. Know how it will impact you

Take-home salaries of employees may reduce starting next financial year as companies would be required to restructure pay packages once the government notifies draft rules under the new wage rule. The new compensation rules, a part of the Code on Wages 2019, are expected to become effective from the next financial year starting in April.Take-home salaries of employees may reduce starting next financial year as companies would be required to restructure pay packages once the government notifies draft rules under the new wage rule. The new compensation rules, a part of the Code on Wages 2019, are expected to become effective from the next financial year starting in April.