The Ministry of Labour and Employment has prepared a proposal for this, and an announcement could be made in the budget to be presented on July 23. If
CTC is not the actual salary, rather made up of many components such as basic pay, house rent allowance, special allowance, variable pay, employer’s
While the new labour laws effectively increase the Gratuity bonus, the rejig in the salary structure will reduce the take-home salary
India Inc is working on a possible roadmap to figure the new salary structure with compensation concerns on a rise in view of the new labour codes.