Payroll structure from 1st April

From 1st April, 2021, will the salary structure be changed?

If so, what are the changes?

Is it mandatory to implement or it is optional?

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Hi,

Yes, from April 2021 onwards salary structures will change which is mandatory to implement and no an optional activity. The major effected areas are:

  1. PF- Will be increased.
  2. Gratuity will be increased
  3. Take home salary will be decreased.
  4. Overall employer liability will increased.
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Hi,

Thanks for throwing light on this.

Any specific guidelines we can go through?

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Hai,

Has the State Govt. issued the notifications for change in structure. If so, kindly share.

Regards,

DeviKripa Rai

Balakrishna Consulting LLP

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Happy Holi to All…

The rules have not been framed by the states… Accordingly the applicability date is not yet confirmed.

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Hi @PCSPL14052

States have to come up with a draft guidelines and as of now only few states have framed a draft, so probably we need to wait and see, how during the 2nd wave it’s being dealt with.

Ref links:

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Also just to add as of now there are some change in the Minimum wages for Shops & Establishment in Karnataka but nothing else in relation to Wage code or CTC structure.

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