-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)...
What Is the Bottom Line? 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 "bot...
EPS Calculation for Higher PF Wages 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 ...
Provident fund contribution or EPF has two sides – the employer’s contribution and employee’s contribution.This is usually12 per centof the basic salary. However, this contribution is not paid out . It is directly deposited in Provident Fund(PF) account and paid to employee when he retires...