New Labour Codes: Changes to Salary and Benefits Explained

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New Labour Codes: Changes to Salary and Benefits Explained

New Labour Codes are shaking up salary structures! Starting in April, many employees may see their take-home pay dip a bit, but don’t worry—this means more savings for the future! The basic salary must now be at least 50%, which boosts retirement benefits. Fixed-term workers will now get gratuity after just one year. So, less cash now, but a brighter financial future ahead!