Gross salary= Basic Salary + HRA + Other AllowancesNet salary= Gross Salary – Income Tax – Professional Tax – TDS – EPF – ESIC Components–Allowances (DA, HRA, LTA, Conveyance, Medical, Special, etc.) Perquisites (e.g., car for personal use, rent-free accommodation, phone, internet...
Basic Salary: As the name suggests, this forms the very basis of salary. This is the core of salary, and many other components may be calculated based on this amount. It usually depends on one’s grade within the company’s salary structure.It is afixedpart of one’s compensation structu...
This is the base component of the salary before applying any taxes or adding any other allowances and benefits. As per the new regulations, this cannot be less than the minimum wage for the job as defined by the local state governments and cannot be less than 50% of the total salary pac...
Below are some of the most commonly asked questions about ESIC SSO Exam salary.Q: What is the basic pay for an ESIC SSO employee? Ans: The basic pay for an ESIC SSO employee is Rs. 44,900. Q: Does an ESIC SSO employee receive allowances and perks? Ans: Yes, as per the 7th pay...