Payroll
Basic salary
The core fixed component of pay, used as the base for several statutory calculations.
Basic salary is the fixed core of an employee's pay package, excluding allowances. It matters because several statutory items, pension and NHF in particular, are calculated on basic (or on basic, housing and transport) rather than on gross.
Related terms
Help & how-to
See it in practice
The payroll run lifecycle, explained
Run, review, approve and lock, pay, remit, then roll over. The same flow every month.
Read the variance report
Compare this run to last period and catch a silently-wrong payroll before you approve.
Set up salary structures & pay elements
Define what people earn once, assign it in bulk, and override per employee where needed.
See it applied to real payroll
Vintage People applies these statutory rules on every run, with a full audit trail.