The in-hand salary of the employees is also going to be impacted as the new wage code stipulates that the basic salary should be at least 50% of the gross salary.
source https://www.ndtv.com/business/increased-work-hours-to-reduced-in-hand-salary-how-new-labour-code-will-impact-you-3230854
source https://www.ndtv.com/business/increased-work-hours-to-reduced-in-hand-salary-how-new-labour-code-will-impact-you-3230854
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