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 things required to continue the job. However, Net salary is a segment of the Gross s...
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...