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Yes because everything you earn is subject to tax, so what you get is the Net amount
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Does net net include taxes?
If looking at your pay stubs, you gross pay represents your total pay before taxes. The net pay is your pay after taxes.
What is the current salary of Indian president?
Rs.50000 or $1084 (U.S.)As of 31st August 2012, the Indian Prime Minister's monthly pay and other allowances amount to Rs. 1,60,000 or US$2,864. The breakup is given below:Pay : Rs. 50,000/-Sumptuary Allowance : Rs. 3,000/-Daily Allowance : Rs. 62,000 @ Rs. 2,000/- per dayConstituency Allowance : Rs. 45,000/-Gross : Rs. 1,60,000/-As of 31st August 2012, the Indian Prime Minister's monthly pay and other allowances amount to Rs. 1,60,000 or US$2,864. The breakup is given below: Pay : Rs. 50,000/-Sumptuary Allowance : Rs. 3,000/-Daily Allowance : Rs. 62,000 @ Rs. 2,000/- per dayConstituency Allowance : Rs. 45,000/-Gross : Rs. 1,60,000/-
What salary is given in Pakistan under basic pay scale 16?
Basic Pay Scales 2011 ` 2012 of the Civil Servants of PakistanBPSMinimum PayAnnual IncrementMaximum PayStagesBPS-14800150930030BPS-249001701000030BPS-350502001105030BPS-452002301210030BPS-554002601320030BPS-656002901430030BPS-758003201540030BPS-860003501650030BPS-962003801760030BPS-1064004201900030BPS-1166004602040030BPS-1270005002200030BPS-1375005502400030BPS-1480006102630030BPS-1585007002950030BPS-16100008003400030BPS-171600012004000020BPS182000015005000020BPS-193100016006300020BPS-203600023506890014BPS-214000026007640014BPS-224300030508570014Note: Minimum Pay, Maximum Pay, Annual Increments and all other allowances etc are in Pak Rupees.Civil servants are also entitled various other allowances (as per their department/organization rules and their service terms) along with their basic pay, as a part of their Gross Pay. These allowances may include Ad hoc Relief Allowance, Medical Allowance, Special Pay, Conveyance Allowance, House Rent allowance and several other miscellaneous allowances, which are applicable.
How do you write code C plus plus program to compute nett salary for 5 employees given that the allowance is 20 percent of basic pay and income tax is 30 percent of the gross salary?
#include<iostream> #include<string> #include<sstream> int main() { for (size_t employee=1; employee<=5; ++employee) { bool ok = false; while (!ok) { std::string input; std::cout << "Employee #" << employee << std::endl; std::cout << "Enter basic pay: "; std::getline (std::cin, input); std::stringstream ss; ss << input; double pay; if (ss >> pay) { double allowance = pay * 20 / 100; double tax = (pay-allowance) * 30 / 100; double nett = pay - tax; std::cout << "Basic pay:\t" << pay << std::endl; std::cout << "Allowance:\t" << allowance << std::endl; std::cout << "Tax:\t\t" << tax << std::endl; std::cout << "Nett:\t\t" << nett << std::endl; ok = true; } else { std::cout << "Bad input\n"; } } std::cout << std::endl; } }
Gross pay net pay?
gross pay: the amount made before taxesnet pay: the amount after subtracting taxes and benefit from your gross pay
Are garnishments calculated by net pay or gross pay?
are garnishments calculated by gross pay or net pay
What is the relationship between gross pay and net pay?
Gross pay is the pay you get before any deductions and what you actually get to take away is the net pay. Deduction may include: tax, national insurance (UK), payments on court instruction (eg maintenance if you've been misbehaving), charitable donations from pay, repayment of loans from employer.
What does bas on army pay statement stand for?
Base Pay is what the serviceman is being paid, WITHOUT: housing pay, combat duty pay, jump pay, food allowance pay, dependent(s) pay, over-seas pay, uniform allowance pay, etc.
Does gross pay includes the overtime and bonus payments?
Gross pay is what your pay is before tax deductions.
Can you deduct BAH on taxes?
If by BAH you mean Basic Allowance for Housing. The answer is no. This is nontaxable income the military gives you to pay for housing. This money should never even get factored into your adjusted gross income though.
What is new gross salary of Punjab school Vocational master given by new 5th pay commission?
10300-34800+grade pay5000 +500mobile allowance+other allowances which is given by state govrnment
How do you work the gross pay out?
The gross pay out consists the total pay out that an individual could receive, without deductions coming from taxes, other benefits, etc. The gross pay out includes the individuals' basic pay + the benefits + deductions that will be rendered once the gross pay out is computed.
