PRABHAT RANJAN MOHANTY
Hr & Ir
Venkata Vamsi Krishna Patnaik
Deputy Manager Hr
There are two things;
1. One is salary which is fixed at the time of joining. There is nothing fixed time time increment.
2. Annual increment is further divided in two parts i.e. [i] increment is given to compensate the market rate due to change in price index to balance. There would be no increment if there is price stagnation.
[ii] increment is given for one's performance by the management.
You rather call 0.5 is salary if entire amount is payble at the end of the month or otherwise CTC if there are other compnnets in the pacakge of 0.5lacs.
13th February 2018 From India, Mumbai