countoor of India calculation
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Explanation:
In order to Calculate take-home salary, subtract the Income Tax, Provident Fund (PF) and Professional Tax from the Gross Salary.
Step 1: Calculate gross salary. Gross Salary = CTC – (EPF + Gratuity)
Step 2: Calculate taxable income. ...
Step 3: Calculate income tax** ...
Step 4: Calculating in-hand/take home salary.
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