What is the pay structure?

This article contains some simple tips to help you structure your salary and reap the maximum advantage.

Salary Structure in India: All You Need to Know 2020-21 Fixed Salary ComponentCTC (Up to 5 Lakhs)CTC (Above 10 Lakhs)BasicTaxable (40% of CTC) or set minimum wageTaxable (40% of CTC)HRATaxable (50% of Basic)Taxable (50% of Basic)Education Allowance200 Fixed200 FixedLTA15% of Taxable15% of TaxableRevised Salary Structure in India – All You Need to Know for Pay … www.techjockey.com › blog › new-salary-structure-in-india

A pay structure can be defined as a collection of wage grades, bands or levels that link related jobs within a hierarchy or series .