This bifurcation helps the employer to understand the percentage of the compensation they are paying against their income as well as sales turnover. The main purpose of preparing a salary breakup report is to know the amount of compensation paid under each head. It bifurcates the amount a company pays against basic, DA, HRA, etc. In simple terms, it is the bifurcation of salary a company pays to its employees. It also includes deductions like Contribution to provident fund, profession tax, TDS, Advance Salary, etc. It includes heads like basic salary, DA, HRA, Conveyance, medical, special allowance, bonus, TA, etc. Salary breakup is the detailed statement total compensation paid to all employees during a specific period of time.
Contents of Salary Breakup Report Template.Salary Breakup Report Template (Excel, Google Sheets, OpenOffice Calc).
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