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Basic Salary:It is the taxable base income and generally not more than 40% of CTC.
House Rent Allowance: The HRA constitutes 40 to 50% of the basic salary.
Special Allowances:Makes up for the remainder part of the salary, mostly smaller than the
basic salary and completely taxable.
Leave Travel Allowance: The non- taxable amount paid by the employer to the employee for
vacation/trips with family within India.
Gratuity: It is basically a lump sum amount paid by the employer when the employee
resigns from the organization or retires.
PF:Fund collected during emergency or old age. 12% of the basic salary is automatically
deducted and goes to the employee provident fund.
Medical Allowance: The employer pays the employee for the medical expenditures incurred.
It is tax free up to Rs.15,000.
Bonus:Taxable part of the CTC,usually a once a year lump sum amount, given to the
employee based on the individuals as well as the organizational performance for the year.
Employee Stock Options: ESOPS are Free/discounted shares given by the company to the
employees. Done to primarily increase employee retention.