Basic Salary

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glossary

Basic salary is a take home salary that an employee acquires from its employer. It does not include overtime pay, commission, bonus or any other compensation provided by the company. Basic salary is the 40% of the total CTC and is fully taxable.

Your gratuity, EPF and ESIC are deducted on the basis of your basic salary. Your basic salary amount depends on your designation and the kind of industry your working in.

Also Read: How The SC Verdict Can Change Your Take Home Salary If Implemented

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Sukriti Saini

Sukriti Saini works as a content marketing strategist at HROne. She has done Bachelors in Journalism from Delhi University and carries several years of experience in content development. HR trends, Productivity, Performance and topics related to Employee Engagement garner most of her writing interest here. During leisure, she loves to write and talk about fashion, food & life.

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