Salary Structure: Wages, after listening this terms many of us get confused; as there were around 29 regulations which used to define the meaning of the term “Wages”. While calculating Income under Salary the calculations of allowances were based on different definitions of wages or salary. For example, At the time of calculating the allowances […]
Many a times, when person joins job for the very first time, gets confused that in the appointment letter income from salary has been mentioned different and when they get paid, it’s different amount. This is mostly because COST TO COMPANY (CTC) has been mentioned, which includes salary, allowances and perquisites. These are like medical, […]
