Many components constitute the salary structure in India. Some of these components are fixed, some are variable, and some are deductible from the employee's salary.
Following are the major salary components in India:
1. Basic Salary
2. House Rent Allowance
3. Dearness Allowance
4. Conveyance Allowance
5. Medical Allowance
6. Mobile Allowance
7. Children's Education Allowance
8. Books & Periodicals Allowance
9. Leave Travel Allowance
10. Bonus
11. Gratuity
12. Arrears
13. Incentives
14. Income Tax
15. Provident Fund
16. Professional Tax
17. Employee State Insurance Premium
18. National Pension Scheme
19. Labour Welfare Fund
20. Other Deductions