What Is Basic Salary?
Read moreHow do you calculate gross pay in Java?
Java Program For Find The Gross Salary of an Employee
Read moreWhat is the formula of gross salary?
The basic salary is the base income of the fixed component of the whole compensation offered to employees. Gross Salary is, therefore: Basic Salary + HRA + Other Allowances .
Read moreHow is basic salary calculated from gross salary in India?
The basic pay is usually 40% of gross income or 50% of an individual’s CTC. Basic salary = Gross pay- total allowances (medical insurance, HRA, DA, conveyance, etc.)
Read moreHow is PF calculated in Java?
Include appropriate getters and setters method in Employee class. Write the following method in the Employee class: public void calculateNetSalary (int pfpercentage) – This method should take PF percentage as argument. Deduct the PF amount from the salary and set the netSalary.
Read moreHow the PF amount is calculated?
The employee contributes 12 percent of his or her basic salary along with the Dearness Allowance every month to the EPF account . For example: If the basic salary is Rs. 15,000 per month, the employee contribution shall be 12 % of 15000, which comes to Rs 1800/-. This amount is the employee contribution.
Read moreHow do you write percentages in Java?
How do I convert a number to a percent in Java? int percentage = (1 – fl) * 100; to calculate the percentage.
Read more