What Is Basic Pay

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What Is Basic Pay

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Salary Slip Calculation Caqwegps

Basic salary or basic pay is the amount agreed upon by an employer and employee excluding overtime or any other extra compensation How to calculate basic pay from CTC Cost to Company CTC is the total amount that a company spends on an employee directly or indirectly CTC refers to the total salary package of the employee A basic salary is a take home salary or base income earned by an employee It does not include overtime pay commission bonus or any other compensation provided by the company Basic salary is the fixed amount paid to an employee by the employer in return for the roles and responsibilities assigned to and performed by the employee

Basic Salary Liberal Dictionary

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