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<p>If companies align salary structures with the new labour code provisions, some employees could experience changes in take-home pay due to higher retirement-linked contributions.&nbsp;Speaking on the subject, Pankaj Mathpal, Managing Director, Optima Money and&nbsp;Mutual fund expert Vishwajeet Parashar explained the new labour codes could impact your in-hand salary.</p>


Will your in-hand salary shrink after appraisal? Here's how the new labour code changes your pay

Your in-hand salary may look lower due to the new 50% wage rule changing salary structure. Allowances above 50% are now added to wages, increasing PF deductions. This reduces take-home pay but boosts PF contributions and gratuity. While there may be a short-term impact, long-term benefits like higher savings, pension, and gratuity improve. Understanding your salary breakup is now more important than ever.


New Wage Rule Changes Salary Structure, PF And Gratuity Rise As Take-Home Falls