Employers pay a salary to employees for the services rendered. This salary has several (statutory & non-statutory) components.
Basic, house rent allowance (HRA), dearness allowance (DA), medical allowance, city compensatory allowance (CCA), Conveyance allowance, leave travel allowance (LTA), periodical allowance, children's school fees allowance, meal allowance, special allowance, entertainment allowance and uniform allowance
Statutory Deductions: Employee's Provident Fund (EPF), Employees State Insurance (ESI), Professional Tax (PT), Labor Welfare Fund (LWF) and Income Tax (IT)
Non-Statutory Deductions: Loan EMI, Salary Advance, LOP, personal insurance, club contributions, etc.
Overtime payment, referral Bonus, joining Bonus, project allowance and performance Bonus
Fines, recovery, LOP, club contributions, etc.