Are PF calculations on the EPF Calculator based on gross pay? PF determined using Gross Salary Basic, DA, conveyance, other allowances, etc. would be included in PF Gross (heads of pay which are included for PF calculation). In accordance with the PF Act's regulations, it excludes heads ...
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The contributions are deducted from your gross income before you calculate the total tax you need to pay on your income. Net result is that you pay taxes on a lower income. This feature makes the traditional IRA the most favored IRA account in the US. Investors can withdraw funds from the...
But going off these numbers, I would say thatthe spending increases here represent lifestyle increase or transition-motivated spending rather than inflation. We actually have lessobligation travelplanned for this upcoming year, so the increased spending on travel comes from a budgeted-but-not-planned...
Why does a house sitting on $50k worth of land with $100k worth of lumber and fittings cost the outrageous sum of $500k? Why does a new car cost more than the gross salary that an average wage-earner can pull-down in an entire year of hard work? The answer, of course, is the bl...
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