Hi, I am Shree Chopra. I have been appointed as an HR in an IT company located in Karnataka. I was assigned to work on components of salary and am seeking a brief knowledge on the same.
The following are the key components of salary structure based on your compensation and benefits policy. You may include any other attractive allowances, perks, etc.:
- CTC or Cost to Company
- Basic Salary
- Allowances
- Bonus
- Provident Fund (PF)
- Insurance
- Tax
- Net Salary
- Gross Salary
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