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#1
19th June 2021, 12:41 AM
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How to calculate salary structure on the basis of gross monthly salary?
My Gross Salary is 17500 how to calculate the salary structure of the whole year or per annum and how to keep aside PF and all?
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#2
21st June 2021, 07:43 PM
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Re: How to calculate salary structure on the basis of gross monthly salary?
In order to Calculate salary, subtract the Income Tax, Provident Fund (PF) and Professional Tax from the Gross Salary.
1) Calculate gross salary. Gross Salary = CTC – (EPF + Gratuity) 2) Calculate taxable income. 3) Calculate income tax. 4) Calculating in-hand/take home salary. |
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