For instance, if you start earning in the year 2022, this year will be the financial year and 2023 when your actual tax will be calculated, will be known as the assessment year.What is the formula for salary calculation?Take-home Salary = Gross Salary – Income Tax – Employee’s PF ...
How to Use Income Tax Calculator Online for FY 2024-25 & AY 2025-26? You firstly would need to enter your birth details. 1 Further ahead, there will be sections that would require information about your income details such as: Basic salary ...