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How is consolidated salary calculated?
Consolidated pay or salary a person is offered is the amount a person gets for the work done, on monthly/weekly/ basis. It consists of all the entitlements joined together, without specifically stating any breakups. It can be stated as consolidated gross and any statutory deductions will be on the consolidated amount.
What is a consolidated salary?
Consolidated pay or salary a person is offered is the amount a person gets for the work done, on monthly/weekly/ basis. Furthermore, it consists of all the entitlements joined together, without specifically stating any breakups. Furthermore, it can be stated as consolidated gross and any statutory deductions will be on the consolidated amount.
What is meant by consolidated pay?
Consolidated pay or salary a person is offered is the amount a person gets for the work done, on monthly/weekly/ basis. Furthermore, it consists of all the entitlements joined together, without specifically stating any breakups. Furthermore, it can be stated as consolidated gross and any statutory deductions will be on the consolidated amount.
What is the difference between consolidated salary and gross salary?
Consolidated pay is the total amount one can get as pay or salary. That means some more additional allowances like DA, HRA can be added and the total amount will be called Gross pay. Most of the allowances and other deductions can also depend on the basic pay.
What does consolidate job mean?
Definition. The Consolidated Employment Contract (CEC), created in 1992, is a part-time employment contract (generally for 30 hours a week) for a 12-month fixed term, renewable up to a maximum of five years. The employee's salary is partly covered by the State.
What is the basic salary?
Basic salary is the amount paid to an employee before any extras are added or taken off, such as reductions because of salary sacrifice schemes or an increase due to overtime or a bonus. Allowances, such as internet for home-based workers or contributions to phone usage, would also be added to the basic salary.
What is the meaning of consolidated salary structure?
consolidated salary means the amount you get without any perks or allowances. It is the fixed salary irrespective of target achieved or performance criteria etc. means you'll surely get 15,000 area and rest above depends on your work and performance.
What does consolidate salary mean?
Consolidated pay or salary a person is offered is the amount a person gets for the work done, on monthly/weekly/ basis. It consists of all the entitlements joined together, without specifically stating any breakups. It can be stated as consolidated gross and any statutory deductions will be on the consolidated amount.
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