FAQ

FAQ Home / settings

What is Fixed Allowance, and why is it in the payslip and salary structure?

A Fixed Allowance in India refers to a specific part of the salary that is paid to an employee regularly. It is an additional payment apart from the employee’s basic salary as a part of the overall compensation package.

In other words, Fixed Allowance is compensates the balance amount between the actual CTC and the CTC value entered in the employee’s salary details.

We love making our customer's team better
  • Cred Right

    We switched from Paybooks to Zoho Payroll due to it's integration with Zoho Books. Also, the user experience is amazing and the automated salary and tax calculation makes the entire payroll process very smooth.

    Neeraj Bansal, Co-Founder & CEO, CredRight
  • Vedatya

    Our HR department has seen a 40% increase in productivity after switching to Zoho Payroll. As a result, they get more time to do their core function of taking care of our employees and fostering relationships.

    Amit Kapur, Managing Promoter, Vedatya Institute
Request a demo

*
*
*
*
*
*
*
*

By clicking the "Submit" button, you agree to our Privacy Policy.