New Wage Code Explained: Why Your Take-Home Salary May Drop #NDTV

Using a ₹10 lakh salary example, the analysis shows that while your retirement savings increase due to higher PF contributions, your in-hand salary may decline. Changes in allowances and taxation of perks also play a role in reshaping your overall compensation.
Even under the old tax regime, the impact is visible, while under the new tax regime, the effect on take-home pay may be slightly moderated due to lower tax liability.
The bottom line: higher long-term savings, but a potential short-term squeeze on monthly income.

#WageCode #Salary #PersonalFinance #IncomeTax #PF #TakeHomeSalary #Finance #India #TaxPlanning #MoneyMatters #NewTaxRegime #OldTaxRegime #NDTV #SalaryBreakup #FinancialPlanning

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