A sales commission is a sum of money paid to an employee upon completion of a task, usually selling a certain amount of goods or services. Employers sometimes use sales commissions as incentives to increase worker productivity. A commission may be paid in addition to a salary or instead of a salary.

What type of pay is commission?

By definition, commission is a fee paid to an employee for transacting a piece of business or performing a service. Commission structures are most common in sales heavy industries, such as retail, real estate, insurance and the stock market.

What is First pay commission?

First pay commission was constituted in 1946 in the chairmanship of Shri Srinivasa Varadacharia. The first pay commission was based upon the idea of “living wages” to the employees. The recommendations were accepted and implemented in 1946. The minimum basic pay for Class IV staff has been raised from Rs. 10/- to Rs.