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 … Read more
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 … Read more
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 … Read more
To calculate basic salary from CTC you need to know about the basic salary percentage in your salary structure. In general, companies fix 40-60% of gross wage as basic salary. Companies need to adjust the basic salary percentage based on the minimum wage … Read more