Salary Components | greytHR
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Salary Components

Employers pay a salary to employees for the services rendered. This salary has several (statutory & non-statutory) components.

Income 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

Salary Deduction

  • Statutory Deductions: Employee's Provident Fund (EPF), Employees State Insurance (ESI), Professional Tax (PT), Labour Welfare Fund (LWF) and Income Tax (IT)

  • Non-Statutory Deductions: Loan EMI, salary advance, LOP, personal insurance, club contributions, etc.

Ad-hoc Payments

Overtime payment, referral bonus, joining bonus, project allowance and performance bonus

Ad-hoc Deductions

Fines, recovery, LOP, club contributions, etc.

Referred in
Salary Components