Salary breakup can be catagorised by three different heads.
I Salary
1. Fixed Salary (it includes, Basic, HRA, Conveyance, Special Allowance, other allowance as per company HR policy) - Regular salary.
2. Variable Salary: (incentives, performance bonus, bonus,commission etc.,) Non regular salary (it includes other than CTC)
II Reimbursement:
Reimbursement of expenses as per company HR policy. (inculdes CTC) Non Taxable components. (eg., Petrol expenses, Telephone expenses, Child education, books and periodicals, LTA, etc.,)
III Benefits: (Non Cash components)
Group Insurance, Super annuation, PF and ESI
I hope u understand now.
From India, Madras
I Salary
1. Fixed Salary (it includes, Basic, HRA, Conveyance, Special Allowance, other allowance as per company HR policy) - Regular salary.
2. Variable Salary: (incentives, performance bonus, bonus,commission etc.,) Non regular salary (it includes other than CTC)
II Reimbursement:
Reimbursement of expenses as per company HR policy. (inculdes CTC) Non Taxable components. (eg., Petrol expenses, Telephone expenses, Child education, books and periodicals, LTA, etc.,)
III Benefits: (Non Cash components)
Group Insurance, Super annuation, PF and ESI
I hope u understand now.
From India, Madras
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