Following are the strp to calcluate the indian salary
1. Calculate Gross Salary:
First Calculate the Gross salary. Gross Salary is calculated by subtracting the Employer’s contribution Provident Fund contribution(EPF) and Gratuity from Cost to Company(CTC).
Gross Salary = Cost to Company(CTC) – Employer’s PF Contribution(EPF) – Gratuity.
2. Calculate Taxable Income: Taxable income is calculated by subtracting Conveyance Allowance, House Rent Allowance(HRA), Leave Travel Allowance(LTA) Professional Tax, Medical Bills, Medical Insurance, Tax Saving Investments .
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– Credit line upto ₹30,000 will help to Spend Now & Pay Later!
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SBI brings to you an entire range of Salary Accounts, crafted to suit your needs. We offer special Salary Account Packages for varied sectors, such as Central Government, State Government, Defence Forces, Paramilitary Forces, Police Forces, Corporates/ Institutions etc. These comprehensive packages provide a wide range of unique benefits and services, as well as seamless access to the most advanced and secure Net Banking and Mobile Banking services.
Salary Calculator is an application that is capable of saving the working hours, the amount of money worked and search at anytime the day sum of workhours and salary.
Characteristics:
-Input day and total hours worked
-Calculate monthly salary
-Search specific day worked.
-Search specific month total worked days and total hours.
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