Hi, I am Shree Chopra, I have been appointed as an HR in IT company, we are located in Karnataka. I was assigned on components of Salary, I was looking for brief knowledge on the same.
From India, Trivandrum
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From India, Trivandrum
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Dear Colleague,
The following are the key components of Salary Structure based on your Compensation and Benefits Policy. You may include any other Attractive Allowances, Perks, etc.:
- CTC or Cost to Company
- Basic Salary
- Allowances
- Bonus
- Provident Fund (PF)
- Insurance
- Tax
- Net Salary
- Gross Salary
Kindly go through the below article for a basic understanding in a simpler form on CTC: https://www.monsterindia.com/career-...ents-7991.html
From India, Chennai
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337The following are the key components of Salary Structure based on your Compensation and Benefits Policy. You may include any other Attractive Allowances, Perks, etc.:
- CTC or Cost to Company
- Basic Salary
- Allowances
- Bonus
- Provident Fund (PF)
- Insurance
- Tax
- Net Salary
- Gross Salary
Kindly go through the below article for a basic understanding in a simpler form on CTC: https://www.monsterindia.com/career-...ents-7991.html
From India, Chennai
Acknowledge(0)Amend(0)Engage with peers to discuss and resolve work and business challenges collaboratively. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Register and Log In.
SALARY CAN BE SPLIT INTO COMPONENTS BUT NOT LESS THAN THE MINIMUM WAGES.docx