In the same vein, the employer equally contributes to the plan on their employees' behalf, as explained above. EPF: The Employee Provident Fund is a retirement savings plan into which workers of a company make monthly contributions equal to a modest percentage of their basic salary.Essentially, it is a kind of risk management that is mainly used to protect against the possibility of a future or unknown loss. Insurance: An insurance policy is a method of protecting yourself against financial loss.As the name implies, Leave Travel Allowance refers to an employee's allowance while travelling with their family or by themselves. It is a tax break provided by a company to its workers.
Basic Salary: Basic salary is the amount of money agreed upon by an employer and employee.It contains employee details and payslip details Salary Content Earnings examples: The header section can have the details contains title, company name and company address Employee / Payslip Info
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