The present invention provides a pallet, which includes a pallet body, a plurality of recesses formed in a bottom of the pallet body, two retention tabs mounted to the bottom of the pallet body and respectively extending downward from two opposite sides of each of the recesses, and a plurality of legs mounted to the retention tabs and respectively receivable in the recesses. The pallet includes the rotatable legs, so that in using the pallet, the legs are rotated out and the coupling pins are applied to fix the legs for supporting and when the pallet is not in use, the coupling pins are removed to allow the legs to rotate in order to set the legs in recesses, whereby the pallet occupies a reduced amount of space for storage and transportation and thus the capacity of storage and transportation can be improved to thus lower down transportation cost.