Earnings and deductions are important parts of the Indian salary structure. Earnings, which are determined on payroll during the accounting period, are the entire amount of money an employee receives and that their employer pays them in return for their services. Wages, salaries, and overtime compensation are all considered earnings.
A worker’s net pay, or take-home pay, is determined by their earnings and deductions. Earnings are what an employee makes, while deductions are what the company takes out in the form of taxes, insurance premiums, and other expenses.
The left side of an employee’s pay stub displays all of their earnings, while the right side often displays their deductions.
