Calculate your Take-Home salary in a click! Know the detailed salary breakup of your CTCBasic Salary* Earned Leaves* Paydays in a Month* Optional Notice Period Salary Gratuity Pay Bonus Deduction (EPF, ESI, Tax) 0 Whenever an employee is resigning, retiring, or being dismissed ...
Salary CalculatorIndia: Calculate your Take Home Salary and Income Tax. We made this Calculator so that no one will ever need to manually do their salary The Best Ways: Below are the best ways to reduce you taxable income, But remember, there is no free lunch here, you need to invest...
To know about the employee salary breakup format and structure, you can visit- Guide to Salary Slip Format in India To know about the compliance deductions, you can visit – Updated Statutory Compliance Checklist in 2022 Also Checkout – Take-Home Salary Calculator...
To calculate gratuity, employers in India use a formula-based approach, where the gratuity payable depends on two factors: The employee’s last drawn salary amount Years of service For calculating gratuity, the Payment of Gratuity Act has divided non-government employees into two categories: employe...
Last but not least, gratuity payments in India are based on an employee's most recent take-home pay and the number of years they have worked for the company. How Can Gratuity Calculator Help You? According to the Payment of Gratuity Act of 1972, you are eligible to receive the stipulated...
Actual rent paid minus 10% of salary HRA received from employer City-specific limit 50% of basic salary for those living in metro cities like Mumbai or Chennai 40% of basic salary for those not in metro cities Let’s take the example of an employee living in Delhi. ...
If you outsource your recruiting needs to an external partner, you will likely have to pay a commission or retainer amounting to 15% to 30% of the base salary of any position they fill. 2. Onboarding costs Onboarding lasts 90 days on average and can take an employee up to a year to...
To calculate the HRA, take the lowest value among the following points. Actual rent must be 10% of Basic Pay + DA monthly salary House Rent Allowance that your employer provides 40% of your basic salary, if your workplace is in non-metro cities or 50% of your basic salary, for metro...
In layman language, it is also referred to as the take-home salary. It is calculated formula mentioned below: Net Salary = Gross Salary – Statutory deductions (EPF, ESIC, Gratuity) – Income Tax (TDS, PT) The deductions concluded in the above equation are the employee’s contributions for...
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