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What are the various salary components in a salary structure?

Nitin sikri . Jul 23, 2023

A:

The salary structure usually consists of a basic salary, allowances, and other indirect components. The gross salary is the total of all these components, while the net salary is the amount received after deducting taxes. The CTC (Cost to Company) encompasses all indirect benefits and elements, including the basic salary, PF, gratuity, and allowances.

Jul 23, 2023

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