Employee salary calculation

The basic pay is usually 40% of gross income or 50% of an individual’s CTC . Basic salary = Gross pay- total allowances (medical insurance, HRA, DA, conveyance, etc.)

Salary definition The definition of a salary is a regular fixed payment that a person earns for performing work during a specific period of time. An example of salary is the fixed salary of $100,000 a year paid to a doctor . Fixed compensation for services, paid to a person on a regular basis.

A salary is the money that someone is paid each month by their employer, especially when they are in a profession such as teaching, law, or medicine . The lawyer was paid a huge salary. The government has decided to increase salaries for all civil servants. Synonyms: pay, income, wage, fee More Synonyms of salary.