Fixed Pay

Fixed Pay is the fixed amount of money paid by an employer to its employees in exchange for services received in the form of a fixed salary. Fixed Pay is the accrual salary mentioned in the salary slip with basic and multiple allowances. It is the same amount received every month by the employees. The salary structure of an employee has both fixed and variable elements. The variables and incentives might or might not be credited every month depending on the company’s policy. Fixed pay includes; Basic pay, DA (Dearness Allowance), HRA (House Rent Allowance), Conveyance Allowance, other special allowances, etc.