New wage rule may raise India Inc's 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 Wealth-Economic Times https://economictimes.indiatimes.com/wealth/personal-finance-news/new-wage-rule-may-raise-india-inc-costs-from-april/articleshow/79618781.cms