Gross Salary is a composite term of benefits and taxes the employer offers annually while hiring an individual for the role that includes basic salary, HRA, Leave Travel Allowance, Bonus, and other elementary t
Provident fund contribution or EPF has two sides – the employer’s contribution and employee’s contribution.This is usually12 per centof the basic salary. However, this contribution is not paid out . It is directly deposited in Provident Fund(PF) account and paid to employee when he retires...
Gross Salary refers to the total salary received by an employee during a particular financial year, for his/her contribution to the organisation. It is not just the basic salary but also includes the incentives and fringe benefits. There are a number of instances when gross salary is misconstrue...