Write a program to calculate the tax taking monthly salary as input. Annual Salary Tax Up to Rs. 10000 5% More than Rs. 10000 and up to Rs. 20000 10% More than Rs. 20000 15%
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Your total yearly take-home salary = gross salary – total deductions = ₹9.50 lakhs - ₹48,700 = ₹9,01,300. Now, your monthly take-home salary = annual salary/12 = ₹9,01,300/12 = ₹75,108. To do away with the tedious calculations, most people prefer the take-home salary calculator in India.
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