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...
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...
Corporate social responsibility (CSR) is the concept of meeting the needs of stakeholders while accounting for the impact meeting those needs has on employees, the environment, society, and the community in which the business operates. Finances and profits are important, but they should be secondary...
-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)...
Employees can now choose to contribute to EPS on either a capped wage of ₹15,000 or their 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...
the company has high operating leverage. In contrast, a computer consulting firm charges its clients hourly and doesn't need expensive office space because its consultants work in clients' offices. This results in variable consultant wages and low fixed operating costs. The business thus has low ...