-Sales expenses -Wages -Interest ondebt=Profit before tax -Taxes =Net income Takeaway Profit is like the honey produced from a company’s beehive… It’s how much a company is earning or losing, based on the difference between the money it brings in (revenue) and what goes out (costs)...
The bottom line refers to a company's net income and is also known as earnings, or profit, or earnings per share (EPS). The reference to the bottom line describes the relative location of the net income figure on a company's income statement. The term "bottom line" is commonly used in...
actual EPF wages, in line with the Supreme Court ruling. On enabling EPS on actual PF wages for employees, Zoho Payroll automates contribution calculations within pay runs. Furthermore, this feature can be configured within Salary Templates, automating employee-level configurations and enhancing ...
Basic Salary: As the name suggests, this forms the very basis of salary. This is the core of salary, and many other components, ex HRA, are calculated based on this amount. It usually depends on one’s grade within the company’s salary structure. It is afixedpart of one’s compensati...