Salary Breakup

A salary breakup is also known as a salary structure. The detailed breakdown of the various components that constitute an employee’s total compensation package is the Salary Breakup. The allocation of an employee’s total wages into various categories, such as fixed and variable components, allowances, deductions, and benefits, are described in Salary breakup.

Components of Salary Structure:

CTC, the total cost incurred by the employer in employing an individual.
Basic Salary, the fixed component of the salary
Allowances, the additional amounts provided by the employer
Bonus, extra payment provided to employees as a reward
Provident Fund, retirement savings scheme
Deductions made from an employee's salary for health and life insurance coverage.
Income tax
Gross salary, the total earnings of an employee before any deductions.

Salary Breakup

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