Three 3 types of salary, this is the amount you get (or pay) after deductions such as PF, ESI, PT, TDS, loss of pay, and other deductions as per your company. Gross salary: This is the salary which is shown in the payslip. This salary is the total earnings of an employee excluding statutory and non-statutory deductions.
How Many Parts are There in Salary
Every employee’s salary can be broken down into various elements or salary components. Some of the most common components of your salary slip include the basic pay, DA, HRA, other allowances, EPF and other tax deductions.
What are the Two 2 Type of Salaries
Forms of Salary: While there are a number of complicated options involved, according to Pay Scale, most jobs break down into one of two basic categories when it comes to paycheck: hourly or salary.
What are the Three 3 Types of Salary Payments
Three methods employers use to compensate employees include salary, hourly wage and commission.