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Basic Pay 50% Rule in New Wage Code

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Under India’s wage reforms, the Basic Pay 50% Rule aims to standardize salary structures by limiting the use of allowances. This explanation covers how the rule applies under the wage code, its impact on PF and gratuity, and why employers must redesign payroll policies. Employees benefit through higher retirement savings and improved financial security. https://savvyhrms.com/basic-pay-50-rule-explained/

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