How to read your Payslip - Part 4 ⬇️
1️⃣ Basic Salary - This is the first line item in your payslip. This is usually based on designation and experience of an employee & is about 40-50% of the CTC.
2️⃣ Allowances - These are provided to an employee to meet certain expenses. You can save taxes on most of these allowances. Eg. House Rent Allowance, Conveyance allowance. While tax planning, this is one section you must look at.
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