New Delhi, July 6 -- Are you a salaried employee? Have you ever taken a close look at your payslip to understand how your salary is structured? If not, now might be a good time.

Recent developments around the Labour Codes and the Employees' Provident Fund (EPF) rules have sparked widespread discussion. While one governs how your salary is structured, the other determines how much you and your employer must contribute to your provident fund (PF).

Here's a closer look at what has changed and what it could mean for your take-home pay and retirement savings.

Under the Labour Codes, if allowances exceed 50% of wages, the excess is added back to wages for statutory compliance. As a result, many employers may need to redesign salary structure...