Geography, asked by anmolmartinkujur, 11 months ago

countoor of India calculation

Answers

Answered by Anonymous

2

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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