S

Salary

Definition

A fixed regular payment, typically paid monthly or bi-weekly to an employee for their work, as per their employment contract.

Context & Importance

Salary structure influences employee motivation, tax planning, and organisational budgeting. It typically includes components like basic pay, allowances, and deductions.

Use Cases

• Defining gross vs. net salary
• Structuring salary as per industry benchmarks

Related Concepts

CTC, payslip, payroll, in-hand salary.

TankhaPay Relevance

Configure complex salary structures, automate pay cycles, and generate payslips with compliance-ready deductions in a few clicks.