Salary Slip: Salary slip is a record of your financial income. With this you get information about your earnings. It is also known that the saving raw material occurs in the period of decline.
New Delhi : Nowadays many people drive the family car only after working. for the working class (Working Class) Salary on first date (Payment) There is no more drought to deposit. This salary is recorded in the salary slip. this pay slip (Pay slip) This is a big job. Whether you want to take a loan from the bank, pay taxes or look for a job at a new location, salary slips make your job easier. so your total income (Income) And take home salary information is available. Many things are included in this salary slip. If you are an employee, consider the ABCD of the salary slip. This will benefit you.
The most important thing in the salary slip is the basic salary. Whatever benefits you get are given on the basis of basic salary only. Basic salary is 35 to 50 percent of your total salary. This amount is taxable.
House rent allowance is given to you according to your basic salary. Now 40 to 50 percent of the basic salary is given as HRA. It is a major taxable element in the pay slip. Every HRA provides this allowance to its employees.
Dearness Allowance varies according to your basic pay. But when the dearness allowance reaches 50 per cent, it is reduced to zero. Also this dearness allowance amount is added to their basic salary. After that the basic pay of the employee increases.
Concession allowance is given to the employees going on leave. Employees move from one city to another for company work. Then they are given travel expenses. Vouchers are paid or this amount is added to the salary by adding bills. No tax is applicable on conveyance allowance up to Rs 1,600.
Live Travel Allowance ie LTA is given. This amount is given to the employees for holidays and travel. Therefore, some of the expenses of the passengers are covered. LTA is tax free. The HRA department decides how much of this amount has to be paid.
The employer gives medical allowance to the employee for medical expenses. This allowance is given as per the receipt of the medical bill paid by you. Annual medical bills of Rs 15,000 are tax free for the last few days.
Variable pay or performance bonus is given to the employees for their job performance. The mood of the company and the boss is often affected. This bonus is given on a monthly, quarterly or yearly basis. The company itself decides how much bonus to give to the employees.
The provident fund amount is deducted from your salary every month. PF, 12% of your basic salary and DA. Apart from this, a share company also maintains a PF account.
Depending on the tax slab, some amount is deducted from your salary. This is called indirect tax. This tax is applicable only in Karnataka, West Bengal, Andhra Pradesh, Telangana, Maharashtra, Tamil Nadu, Gujarat, Assam, Chhattisgarh, Kerala, Meghalaya, Odisha, Tripura, Jharkhand, Bihar and Madhya Pradesh.
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