Salary Breakup Meaning | What is Salary Breakup Structure? | UBS
UBS
UBS App is now   Superworks  

  - don't miss our newly launched products!  

Know more

Salary Breakup

What is Salary Breakup?

A salary breakup is a salary structure of being offered to employees. Salary is further divided into components like basic salary, CTC, allowances, deductions, insurances, etc.

Components Of Salary

  • Basic Salary

A basic salary is a fixed salary excluding bonuses and benefits.

  • CTC ( Cost To Company)

CTC is the total amount spent on an employee by a company. CTC refers to the entire package an employee receives as an offer.

  • Bonus

A bonus is awarded money to an employee for his/her good performance.

  • Allowances

Allowances are an amount provided to an employee by the employer to meet the service requirements, for example, HRA, DA Medical, etc.

  • Insurance

Insurance is a deduction of a small amount of money from an employee’s salary which then goes towards the life or health insurance of an employee.

  • Taxes

It is a deduction that is being deducted from the employee’s salary to the income tax department.

  • PF

PF- Provident Fund is a scheme that is useful after retirement. It’s an investment policy for all salaried employees.

  • Gross Salary

Gross salary is in addition to basic salary and allowances.

Also, See: Salary Structure

Get Started

Solving Real Business Challenges with a Robust & Impeccable System

Any Query? Reach Out To Us.

We are here to help you find a solution that suits your business need.

Watch a Demo

Get a visual representation of how we work!

Schedule Demo
Get in Touch

Our sales expert is just one call away to meet your needs.

Get In Touch
Start Chat

Have a question?
Chat with Us

Start Chat