Definition of «salaried person»

A salaried person is an individual who receives a fixed annual income, typically paid on a monthly or bi-weekly basis. This type of employee is hired by an employer for their skills and expertise, rather than being paid on a per-job or commission basis. Salaries are usually determined based on factors such as the level of education, experience, and responsibility required to perform the job.

Sentences with «salaried person»

  • In fact, it was made for salaried persons who want to invest in good tax saving schemes. (financegab.com)
  • Sadly, a large fraction of salaried people find it difficult to compute and calculate the income tax liability on their pension fund or income. (investmentpedia.org)
  • Guaranteed Income Plan is designed for salaried people who fall in the age bracket of 18 - 60 and policy term for them extends from 10 yrs to 30 yrs. (policybazaar.com)
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