The Companies allow Employees to design Salary Structure according to their needs. It will give the broad components to decide the Structure of Salary. What is Salary Structure | Salary Structure Design? It is basically components under which the whole payment is divided depending on the Tax Planning of each employee. The Companies provide the Basic Salary and the balance will be allowed to opt from the given components. It is called a Basket of Allowances (BOA). The Basic salary is always a Fixed component and BOA will be offered…
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