Basic Salary in India Meaning Explained with CalculationAverage wages median wages and wage dispersion
Basic salary is the amount paid to employees before any reductions or increases due to overtime or bonus allowances internet usage for those who work from home or communication allowance Basic salary is a fixed amount paid to employees by their employers in return for the work performed or performance of professional duties by the formerSuch raw average wages are the average amounts of net compensation as distinct from total employee compensation listed in the table below An average is just one measure of central tendency for any set of data Another measure is a median For our wage data the median wage or net compensation is the wage in the middle
What is gross salary definition and meaning Cost to company Wikipedia
Definition of gross salary Aggregate amount of wages received on a regular basis usually weekly bi weekly or monthly prior to any deductions such a federal and state tax An individual s gross salary is one factor that is Cost to company CTC is a term for the total salary package of an employee used in countries such as India and South Africa It indicates the total amount of expenses an employer organization spends on an employee during one year It is calculated by adding salary to the cost of all additional benefits an employee receives during the service period
Calculation of Retrenchment Compensation under Indian How to Calculate Wages 14 Steps with Pictures wikiHow
Jun 04 32 As per employment law in India the payment of retrenchment compensation is condition precedent and failure to pay will vitiate the retrenchment Therefore calculation of retrenchment compensation is very important While calculating retrenchment compensation unlike Gratuity component of wages includes Basic Dearness Allowance and all allowancMar 29 32 How to Calculate Wag If you work for an hourly wage you may want to calculate your wages by hand to verify that the paycheck you receive each week is correct In general you only need to know your hourly pay rate and the number of
Gross Total Income Total Income meaning under Income Tax What is CTC What is the difference between CTC Net Salary
What is Gross Total Income Meaning / Difference between Gross Total Income and Total Income under Income Tax Act Very often the terms Gross Total Income GTI and Total Income TI are grossly mis understood by number of people Section 17 Salary perquisite and profits in lieu of salary Gross salary Net salary Take Home Salary Cost to company CTC is the total cost that an employee is incurring in a company Gross Salary is the one which you see every month But this is before any deductionNet Salary is what an employee get to his/her hand after deductions this is the take home salary
Indian Army Rank Wise Salary 7th CPC Grade Pay And Difference Between CTC and Gross Salary
Understanding Government Salary Structure Of India Let me make it simple for you The amount that you get on your hand in cash is gross salary and the gross salary is the sum of components like grade pay basic pay monthly allowances etcThe difference between CTC and gross salary is that some components are included in one but not in the other Cost to Company is the amount that an employer will spend on an employee in a particular year whereas gross salary is the amount an employee receives as a salary before any deductions
What is CTC Difference between CTC Package Net Salary What is the difference between consolidated salary basic
What is CTC Difference between CTC Package Net Salary CTC full form is Cost To Company It means total salary package benefits received by employee in a year including free meals cabs interest free loansFeb 22 32 The annual increment is to the basic salary and the basic salary changes on every promotion Gross Salary is with all allowance like Dearness Allowance HRA Vehicle allowance etc Net Salary is the amount payable after deducting Employees Provident Fund amount Income Tax and any other recoveri Consolidated Salary and Gross salary are the same
What is EMI and how is it calculated By Ishan Hindi What is Gross Salary Net Salary and CTC How to Calculate
Jan 13 32 What is EMI and how is it calculated By Ishan Hindi An equated monthly installment EMI is a fixed payment amount made by a borrower to a lender at a specified date each calendar monthNov 22 32 In this video i have discussed about to Salary Component or Terms Many employees or job seeker don t know about the difference between Gross Salary Net Salary Inhand Salary
What is gross salary definition and meaning Wages Employee s State Insurance Corporation Ministry
Definition of gross salary Aggregate amount of wages received on a regular basis usually weekly bi weekly or monthly prior to any deductions such a federal and state tax An individual s gross salary is one factor that is Employees are being paid monthly Education allowance for the children studying in the Schools/Colleg Where such education allowance is being paid monthly the same is to be considered as wages under Sec2 22 of the ESI Act and the contribution is chargeable on the said amount
Why Employers Offer Variable Pay to Retain EmployeesSSC Grade Pay Salary Means in Total Salary Gross Salary
Aug 17 32 Variable pay is an expected employee benefit to excite and retain employe They want the opportunity to earn variable compensation to bolster their base salary And today s employees are also looking for more than just a base salary and benefits package when they decide to come on board and work for an employerJul 11 32 At last We understand the Grade Pay Total Salary of SSC Employee We Got The Answer that what is the Total Salary of SSC Employee if the Grade pay is The Total salary for Grade Pay will be the amount remaining after the Deduction from Gross Salary
What Is The Meaning Of Year To Date YTD On Payslips SSC Grade Pay Salary Means in Total Salary Gross Salary
ytd is d total amour u v been paid frm January till date for instance if ur hazard allowance is 5k monthly den after ur august salary ur year till date earning as far as ur hazard alowance goes is 40k which is total amount frm January till date august it is calculated for ur basic salary and oda allowanc den at d end there s a grand totalJul 11 32 At last We understand the Grade Pay Total Salary of SSC Employee We Got The Answer that what is the Total Salary of SSC Employee if the Grade pay is The Total salary for Grade Pay will be the amount remaining after the Deduction from Gross Salary
Calculation of Retrenchment Compensation under Indian Work and Wages in India including Basic Pay Minimum
Jun 04 32 As per employment law in India the payment of retrenchment compensation is condition precedent and failure to pay will vitiate the retrenchment Therefore calculation of retrenchment compensation is very important While calculating retrenchment compensation unlike Gratuity component of wages includes Basic Dearness Allowance and all allowancIn accordance with the Minimum Wage Act the employer is obliged to pay wages on regular and timely basis at least once a month Wage period may be fixed on hourly daily weekly or monthly basis The employer is under obligation to pay wages in cash on a working day before the expiry of the 7th day after the last day of the wage period in
Wages Employee s State Insurance Corporation Ministry Gross Total Income Total Income meaning under Income Tax
Employees are being paid monthly Education allowance for the children studying in the Schools/Colleg Where such education allowance is being paid monthly the same is to be considered as wages under Sec2 22 of the ESI Act and the contribution is chargeable on the said amountWhat is Gross Total Income Meaning / Difference between Gross Total Income and Total Income under Income Tax Act Very often the terms Gross Total Income GTI and Total Income TI are grossly mis understood by number of people Section 17 Salary perquisite and profits in lieu of salary