New wage rule may raise India Inc costs from April
To be effective from next financial year, the new definition of wages (that includes salaries of executives in the private sector) caps allowances at 50% of total compensation.
from Economy-News-Economic Times https://ift.tt/36QFImd
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To be effective from next financial year, the new definition of wages (that includes salaries of executives in the private sector) caps allowances at 50% of total compensation.
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