12K Means How Much Rupees?

12K means how much rupees

12K means 12,000 Rupees. K is used to indicate a thousand in the salary (or in money). In India the currency is Rupees so the 12K means 12,000 Rs (₹). Similarly, in the US the currency is Dollars so there the  12K means 12,000 Dollars … Read more

Consolidated Pay Meaning in Salary

Consolidated salary:pay meaning

Consolidated pay means a total salary without any breakup, which means consolidated salary is not divided into salary components like basic wage, HRA, transport & medical allowances, etc. It can be paid on a weekly or monthly basis to the employees.  For example, if an … Read more

Supplementary Allowances Meaning in Salary (in India)

Supplementary Allowances Meaning in Salary

Supplementary allowances mean the extra allowances in the salary after calculating the employee basic wage, HRA, conveyance, & medical allowances, etc from gross salary. It is also called other allowances (or) special allowances. Employers do not have any statutory obligation to pay it and they … Read more

Salary Annexure Formats in Word & Excel | Download

Salary Annexure Format

Salary annexure is also known as salary break up format. Salary annexure is used to know the CTC of the employees.  By seeing the annexure we can know how much a company is spending on that particular employee. Salary annexure format consists of the benefits … Read more

What is Privilege Leave | Meaning, Rules & Calculation

Privilege Leave Meaning, Rules, Encashment

Privilege leave (PL) means earned leaves (EL) given for the service of the employee every year. These leaves can be applied when employees want long leave for vacation, marriage, etc… Privilege leaves can be converted into cash when leaving the job (or) can be carried … Read more

Salary Breakup for 35000 per Month

Salary Breakup for 35000 per Month

If an employee salary is 35000 per month, it includes some basic salary components like basic wage, house rent allowances, conveyance (transport) allowances, medical allowances and other special allowances. The above are some common allowances that most companies follow, some companies may provide extra allowances … Read more