CTC = Earnings + Deductions Here, Earnings = Basic Salary + Dearness Allowance + House Rent Allowance + Conveyance Allowance + Medical Allowance + Special Allowance. Given below is a simple example of a salary slip showing all the basic breakups under two heads, earnings and deductions.
Read moreWhat is the formula for salary calculation?
Your total yearly take-home salary = gross salary – total deductions = ₹9.50 lakhs – ₹48,700 = ₹9,01,300. Now, your monthly take-home salary = annual salary/12 = ₹9,01,300/12 = ₹75,108. To do away with the tedious calculations, most people prefer the take-home salary calculator in India.
Read moreHow do you calculate net price in Java?
Java program to calculate discount price :
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