Salary Structure and Payroll Management

Salary structure refers to the organized breakdown of how an employee’s compensation is calculated, including basic pay, allowances, and bonuses. Payroll management involves the process of accurately calculating employee payments, deducting taxes or other contributions, and ensuring employees are paid on time. It also includes maintaining records, complying with legal requirements, and managing benefits. Together, they ensure employees receive correct and timely pay, while the organization stays compliant with financial and labor regulations.