diff --git a/erpnext/docs/user/manual/en/human-resources/salary-and-payroll.md b/erpnext/docs/user/manual/en/human-resources/salary-and-payroll.md index 286df1400b..1a1d9cff6a 100644 --- a/erpnext/docs/user/manual/en/human-resources/salary-and-payroll.md +++ b/erpnext/docs/user/manual/en/human-resources/salary-and-payroll.md @@ -16,9 +16,9 @@ and Deductions. Salary structures are used to help organizations: 1. Maintain pay levels that are competitive with the external labor market, 2. Maintain internal pay relationships among jobs, - 3. Recognize and reward differences in level of responsibility, skill, and performance, and manage pay expenditures. + 3. Recognize and reward differences in level the of responsibility, skill, and performance, and manage pay expenditures. -The usual components of the salary structure (in india) include: +The usual components of the salary structure (in India) include: __Basic Salary:__ It is the taxable base income and generally not more than 40% of CTC. @@ -32,7 +32,7 @@ __Gratuity:__ It is basically a lump sum amount paid by the employer when the em __PF:__ Fund collected during emergency or old age. 12% of the basic salary is automatically deducted and goes to the employee provident fund. -__Medical Allowance:__ The employer pays the employee for the medical expenditures incurred. It is tax free up to Rs.15,000. +__Medical Allowance:__ The employer pays the employee for the medical expenditures incurred. It is tax-free up to Rs.15,000. __Bonus:__ Taxable part of the CTC, usually a once a year lump sum amount, given to the employee based on the individual’s as well as the organizational performance for the year.