Gross salary is the monthly or yearly salary of an individual before any deductions are made from it . Components such as basic salary, house rent allowance, provident fund, leave travel allowance, medical allowance, Professional Tax etc. are some of the most prominent components of gross salary.
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Example of gross pay for an hourly employee
Read moreHow do you find the gross pay of an Employee?
The basic salary is the base income of the fixed component of the whole compensation offered to employees. Gross Salary is, therefore: Basic Salary + HRA + Other Allowances .
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