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In hands will come less now..I guess with new tax structure gov realised that ppl are not investing enough and hence now doing this forced major pf, nps and other basic linked components auto cut..
The new Labour Codes have introduced a uniform definition of ‘wages’.
Under this rule, basic pay, DA, and retaining allowance must form at least
50% of total earnings or CTC. Today, many companies keep basic salary low
and increase allowances so that PF and gratuity contributions stay smaller.
It will result in lower take home pay also. Not sure what is going to happen.