New Delhi, March 19 -- With the start of the fiscal year, many companies are expected to rejig employee salary structures to reflect recent changes to India's labour and personal income tax laws.

Which components of your salary will change will depend on your income level and more broadly on your organization's demographics and industry, but largely companies are aiming to keep take-home pay close to the old one. "Cash in hand is always the king in India," said Rajul Mathur, consulting leader, work and rewards, WTW India, formerly Willis Towers Watson, a global advisory firm.

At the same time, some companies are seeking to increase or introduce certain allowances that could help lower your taxable income, which could help boost your pos...