![]() Here are some of the common components of salary that an employee should know about: What are the What are the components of the salary structure? It takes into account all the salary components and tax deductions applicable. Therefore, to save an employee’s time and efforts, Fisdom has designed an online take-home salary calculator.įisdom’s take-home salary calculator is an automated online tool that helps an employee estimate his/her net salary post-tax. What is a salary calculatorĬalculation of salary can be trickier since it involves several aspects. Here, we will discuss take-home salary and how Fisdom’s Take-home salary can help employees in easily determining the salary that they can expect in hand. Therefore, the amount that an employer pays to the employee is different from what the employee actually receives in hand or takes home. Salary forms part of an employee’s annual income and therefore he/she must pay taxes towards it. The salary has several components and each of these can vary across employers. Generally stated in the contract and payslip of the employee. This payment is commonly known as salary. In any professional set-up, at the end of the month, an employer pays employees a pre-determined amount towards their services.
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