Finance Ministry


New Delhi: In India, the take-home portion of private sector employee wages are likely to decrease as businesses will be forced to re-design pay packages from April 2021, after the GoI notified draft rules under the new wage rule, NDTV reported. The latest regulations on salaries, which are part of the Code of Wages 2019, are likely to become applicable from April 2021 onwards. In compliance with the new regulations, the portion of the allowance…