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In this video i have explained about the following in detailed manner:

1. Understanding of Compensation & Benefits.
2. Difference between Compensation & Benefits.
3. Understanding of various components of Compensation & Benefits like
Basic Salary
Dearness Allowance (DA)
Allowances (Conveyance Allowance, Medical Allowance, Telephone Allowance, House Rent Allowance, Uniform Allowance, Project Allowance, Special Allowance and many more.
4. Role of statutory compliances in a salary structure like
Provident Fund (PF)
Employees State Insurance (ESI)
Statutory Bonus
Gratuity
Professional Tax
Labor Welfare Fund
Income Tax / TDS
PLI (Performance Linked Incentive), etc.
5. Understanding and difference between (Basic Salary / Gross Salary / CTC (Cost to Company).