Salary

Meaning :

Salary is the fixed amount of money that an employer pays regularly (usually every month) to an employee in exchange for their work or services. It includes basic pay

and sometimes extra money called allowances or bonuses.

Example : 

For instance, receiving a monthly salary of ₹35,000 for your job is an example  of salary.

How to Understand : 

Salary is the money you earn by working.

It is the main source of income for most people and is used for living expenses, savings, and investments.

Your career growth often affects how your salary increases over time.

Importance :

Salary is the main source of income needed for daily living.

It helps you build savings and make investments for the future.

Salary supports your lifestyle expenses, like food, housing, and entertainment.

It determines how you plan and budget your finances.

A good salary enables you to achieve long-term goals, such as buying a home or investing in your future.