SalaryBox is used for the payroll management with a Multifunctional solution like managing employees/staff with an employee app, Selfie attendance with GPS, Live tracking, Attendance Kiosk, Salary slips with CTC Breakdown (Basic, HRA, Special Allowance, etc.), SMS notifications, Notes sharing.


Salary components include the following - 

Basic Salary

Basic salary is the base income of an employee, comprising of 35-50 % of the total salary. It is a fixed amount that is paid prior to any reductions or increases due to bonus, overtime or allowances. Basic salary is determined based on the designation of the employee and the industry in which he or she works in. Most of the other components, like allowances, are based on the basic salary. This amount is fully taxable.


House Rent Allowances (HRA)
House rent allowance is the allowance that is provided by the company to the employee for the purpose of accommodation. This allowance is applicable only if the employee is living in a rented house.
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Special allowance
According to section 14(i), allowances that are paid to the employee for the performance of duty are called as special allowances. Examples of such allowance are the children’s education allowance or the children hostel allowance wherein the amount is paid by the employer for the education or for the hostel expenses of the employee’s children. 
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Travel allowance
Travel allowance covers costs related to travel while on tour or on transfer while on duty. This allowance also includes travel costs incurred while getting transferred to another location, including packaging or transport of personal objects.  
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Employees' Provident Fund Organization (EPF)

Employers in India have to mandatorily go through PF registration if they have a minimum of 20 employees. 
Eligible employers need to register all their employees on the EPFO portal. EPFO assigns a 12-digit Universal Account Number (UAN) to every employee. Like Permanent Account Number (PAN), UAN is also constant throughout the employee’s life. 
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Employees' State Insurance Scheme (ESI)
Employees state insurance (ESI) is a self-financing social and healthcare insurance scheme for Indian workers. Employees’ State Insurance Corporation (ESIC) is a body under the “Ministry of Labour and Employment” act. Under the scheme, the employers and workers are required to contribute to a social insurance fund, which is to be utilized for granting benefits to them. 
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Labour Welfare Fund (LWF)

Labour welfare is an aid in the form of money or necessities for those in need. It provides facilities to labourers in order to improve their working conditions, provide social security, and raise their standard of living.
To justify the above statement, various state legislatures have enacted an Act exclusively focusing on welfare of the workers, known as the Labour Welfare Fund Act. The Labour Welfare Fund Act incorporates various services, benefits and facilities offered to the employee by the employer. Such facilities are offered by the means of contribution from the employer and the employee. However, the rate of contribution may differ from one state to another.


Professional Tax (PT)

Professional Tax (PT) is one of the statutory compliance requirements for businesses. Unlike TDS, EPF and ESI, PT is levied by the respective state governments. 

Professional tax is a direct tax that applies to individuals earning an income by way of employment, practising their profession, or trading. A practicing professional includes a lawyer, teacher, doctor, chartered accountant, etc.  
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