Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 4 terms
A statutory payment on leaving, accrued at roughly 4.81% of basic and payable after five continuous years.
Part of your CTC from day one and worth nothing if you leave in year four. Worth knowing before you resign in month fifty-eight.
The core salary component from which PF, gratuity and HRA exemption are calculated.
The number worth negotiating. A higher basic means more forced saving and less monthly cash; a lower basic means the reverse.
Cost to company — everything an employer spends on an employee, including contributions never paid to them directly.
The offer letter number. Take-home is roughly 20–25% lower, and much of the gap is your own PF and gratuity rather than tax.
The transfer of an amount previously recognised in other comprehensive income into profit or loss when a specified event occurs.
The dividing line the OCI section is organised around. Gratuity remeasurements and revaluation surplus never come back; a translation or hedge reserve is only parked, waiting for a disposal or settlement date the business does not choose.