New Delhi, April 13 -- The Centre's new Labour Codes have come into effect at the start of this month, and a big concern for many is how this impacts your salary credits and in-effect taxation. The primary changes to salary structure are the focus shift towards long-term and retirement savings, for salaried individuals, but this means that your current in-hand pay may take some hit.

We asked experts about the key changes to your monthly pay cheques and whether this can change which tax regime you choose in the future.

Puneet Gupta, Partner, People Advisory Services - Tax at EY India believes that the new labour codes are broadly aimed at "improving employee welfare by strengthening statutory benefits, standardising working conditions, a...