This amount is reimbursed up to a certain extent. 6. Medical Allowance This is a specific amount provided to employees as a part to cover their monthly medical expenses. This amount is provided irrespective of
7,000 for their health insurance, then the CTC is Rs. 57,000.What is Gross SalaryGross Salary, in literal terms, is the monthly or yearly salary before any deductions are made from it.ORThe EPF (employee provident fund) and gratuity subtracted from the cost to the company is called the...
For example, high coinsurance and high maximum out-of-pocket usually means a lower monthly premium and vice versa. Deductible Since, in a health insurance plan, the insurance provider does not pay for the entirety of your yearly medical costs, you have to pay a certain portion of these costs...
What is Net Salary – Take home pay – in-hand salary? Take-home pay (known as in-hand salary in India) is the net salary after deducting income tax (TDS – tax deducted at source in India) and other deductions, from the gross monthly pay.Calculate carefully to make a decision of ac...
What is the employee's wage? Period Hourly wage Work day settings Time spent smoking Money employee earned while smoking Daily Weekly Monthly Yearly How much do all these cigarettes cost? Cost of a pack of cigarettes Number of cigarettes in a packet Weekly cost Yearly cost Life...