WebBasic Salary. The basic pay is the fixed sum paid to the employee. The major component of the CTC system is basic pay. It is a fixed salary component that typically accounts for 40% to 50% of the total CTC. Many additional CTC components, such as provident fund contribution, gratuity, and others, are based on the basic pay. WebWe would like to show you a description here but the site won’t allow us.
Fixed Pay v. Variable Pay - YLCC
WebJul 22, 2024 · There are also people who are able to figure out the difference between the fixed salary and variable salary. We give you a few details that would help you understand the difference between the two. This would let you comprehend your payslip better the next time you get it for the time you have worked in a company. WebFixed pay and variable pay together make up the annual salary. While fixed pay is paid on a monthly basis, the variable pay is paid quarterly, half-yearly, or yearly. In different … ready kids occupational therapy
Tips for decoding CTC and negotiating a better pay in India - Quartz
WebApr 11, 2024 · Fixed Expenses Definition. A fixed expense just means an expense in your budget that you can expect to stay the same, or close to it, over time. When you sit down to make your monthly budget, you ... WebThe term ‘variable’ indicates that the amount paid to an employee can change depending on the employee or company’s performance. Example 1: A manager is paid a salary of … WebJun 23, 2024 · It is variable and depends on several factors which in turn affect the net salary. The amount received post subtracting gratuity and the employee provident fund (EPF) from Cost to Company (CTC) ... It is generally paid in the form of a fixed percentage of basic salary. According to the Income Tax Act, the entire amount of DA received is … how to take aloe from plant