The Code on Wages, has merged various laws, some of which were from the pre-Independence era. Which are the Minimum Wages Act, the Payment of Bonus Act, the Equal Remuneration Act and the Payment of Wages Act. The Code was introduced in Parliament to simplify labour laws and amend them largely with the aim of facilitating ease of doing business.
To read more about 'Code of wage' and about various Labour Codes which is going to amend, and to download the latest CTC calculator based on new Code of wage, then;