Economy, asked by parveengill1491, 1 year ago

How Is Gross And Net Salary Calculated ?

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Answered by indhu3333

Answer:

Gross Salary is the figure derived after totalling all the allowances and benefits but before deducting any tax, while net salary is the amount that an employee takes home. ... Net Salary = Gross salary- All deductions like income tax, pension, professional tax, etc.

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