how to download salary monthly slip from ssb

There are two types of allowances available: Variable DA and Fixed DA. It outlines that DA offered for rural areas is different from that of living in urban areas. Since DA is provided to compensate for the cost of living, it is varied based on the location where the employee stays.

Initially known to be Dear Food Allowance, the Dearness Allowance is provided to the public sector employees and the pensioners to offset the price rise. House Rent Allowance (for employees paying rent) Sumptuary allowances paid to the Judges of High Court and Supreme CourtĬonveyance Allowance above ₹19,200 annuallyĬompensatory allowances paid to the High Court and Supreme Court JudgesĮntertainment Allowance ( 1⁄ 5 of the salary or ₹5000, whichever is less) Salary to the government employee who is posted abroad Here is an example of an employee’s income with bifurcation showing earnings and deductions before getting into deep.

In contrast, the gross revenue combines the basic salary, allowances, and performance bonuses rewarded by the company. The basic pay is the employee’s income before any additions and deductions. However, The confusion between gross salary and basic pay is often caused.

In the above formula, the statutory additions are the employer’s contributions and not the employee, which we will look into as this article progresses.

Keeping the above thing in mind, the calculation formula of CTC structure for any employee would generally go as:ĬTC = Gross Pay + Statutory additions (PF + ESI + Bonus) These additional benefits could be allowances, statutory additions, performance bonuses, gratuity, reimbursements, Moreover, CTC in salary is not the employee’s net income instead, it considers other additional services provided to an employee as livelihood necessities and security. CTC or annual CTC comprises all the expenses, be it utilities, salary, or monetary benefits, which the company spends on its employee.

How to download salary monthly slip from ssb