Good evening all,
What is meant by consolidated pay? As per my knowledge, it is a cumulative figure known as a fixed salary. However, based on my recent experience, employees are also being provided with traveling and other allowances (up to a maximum of 4000, which varies depending on the position within the company) in addition to the consolidated pay. In this scenario, is it acceptable to show both the consolidated salary and the allowances separately in the salary certificate?
What is meant by consolidated pay? As per my knowledge, it is a cumulative figure known as a fixed salary. However, based on my recent experience, employees are also being provided with traveling and other allowances (up to a maximum of 4000, which varies depending on the position within the company) in addition to the consolidated pay. In this scenario, is it acceptable to show both the consolidated salary and the allowances separately in the salary certificate?