The meaning of BASIC WAGE is a wage or salary based on the cost of living and used as a standard for calculating rates of pay.
Basic pay is the amount of money an employee earns after deductions are taken out. This may also include benefits such as health insurance and retirement plans. Benefits of Basic Salary The benefits of receiving a basic salary are many. It ensures a consistent income level each month, ...
sæləri/noun(pluralsalaries)[countable, uncountable]money that you receive as payment from the organization you work for, usually paid to you every monthShe’son a salary of£28,000 a year.This is my first increase in salary.→basic salary→gross salary→net salary→starting salary...
Salary structure is the detailed break-up of the various components of monthly salary that is offered as compensation to an employee. The essential components of salary include: • Basic pay: This is approximately 40% of the Cost-To-Company (CTC) and it is taxable. • HRA: House Rent ...
The meaning of BASIC WAGE is a wage or salary based on the cost of living and used as a standard for calculating rates of pay.
n.salary; pay; wages wǒ de jī běn xīn shui hěn dī 我的基本薪水很低。 My basic salary is very low. tā de xīn shui hěn dī 他的薪水很低。 His salary is low. wǒ duì zì jǐ de xīn shui chōng mǎn le bù qiè shí jì de huàn xiǎng ...
Conveyance allowance is calculated as a percentage of basic salary. Companies can offer any amount of conveyance allowance. The tax exemption limit for conveyance allowance is Rs 1,600 per month. Any amount exceeding this limit becomes taxable. ...
• Basic Salary- This component is the base salary which you get. • HRA (House Rent Allowance)- This component is towards the house rent of any employee & helps in saving taxes • Leave Travel Allowance- This part covers some travel costs of the employee & helps in tax exemption ...
Basic Salary: This is your fixed monthly salary before any deductions.Dearness Allowance: Companies pass dearness allowances on to their employees to neutralize the effects of inflation and increases in commodity prices.Total Working Days in a Month: This refers to the number of working days in...
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