7th Pay Commission latest update: Here's why your take-home pay may reduce from April 2021 but Gratuity, PF component may rise

Zee News A couple of months ago, the government notified draft rules under Code on Wages 2019, following which take-home pay of employees may be reduced from next financial year ie, April 2021 because the draft rule required companies to restructure their salary break up.  This also means that there will be a consequent rise in gratuity and PF contribution of the employee. https://ift.tt/eA8V8J January 31, 2021 at 02:16PM A couple of months ago, the government notified draft rules under Code on Wages 2019, following which take-home pay of employees may be reduced from next financial year ie, April 2021 because the draft rule required companies to restructure their salary break up.  This also means that there will be a consequent rise in gratuity and PF contribution of the employee.

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