different forms of salary
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Explanation:
♡ ↪.Basic Salary
Taxable.
Dearness allowance / Pay
Taxable.
Advance Salary
Taxable in the year of receipt.
Arrears of Salary
♡
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Some of the components of the salary structure include:
1• Basic Salary. Basic salary is the base income of an employee, comprising of 35-50 % of the total salary.
2• Allowances.
3• Gratuity.
4• Employee Provident Fund.
5• Professional Tax.
6• Perquisites.
7• ESIC.
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