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Basic salary is the amount a person gets paid before any extras are added in. Extras can be things such as commission, incentives, and/or bonuses.
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What does Basic salary mean?
Basic salary mean like the average pay. Its typically for the basic worker.
What is Basic Salary and Annual Salary?
Basic and annual salary are the same thing. They are how much a person makes in a year.
Bonus is calculated on gross salary or basic?
BASIC
Is basic and net salary same?
No salary is pre-tax and net is take home.
How do you calculate hra from basic salary?
Lets assume you have HRA as a salary component. So the next step is to calculate the taxation aspect of the HRA Component. In order to do this, you need the following: 1. Your Basic Salary 2. The Actual HRA Component in your Salary 3. The Actual Rental paid every month 4. Whether you live in a Metro or a non-metro Once you have these details, try to calculate the following numbers: 1. If you are in a Metro - take 50% of your Basic salary and if not, take 40% of your Basic Salary 2. The Actual monthly HRA component from your salary 3. The Actual Rent paid - 10% of your Basic Salary Of these 3 figures whichever is the least is your eligible tax deduction against HRA.
What does Basic salary mean?
Basic salary mean like the average pay. Its typically for the basic worker.
What is Basic Salary and Annual Salary?
Basic and annual salary are the same thing. They are how much a person makes in a year.
What is the mininum basic for pf?
None. There is no minimum basic salary. Whatever is the basic salary 12% of it goes towards pf.
Basic salary 5000 hra 2500 ta 2000 da 1500 total salary 11000 pf deduct basic salary or total salary?
3500
How provident fund calculating?
If basic salary is Rs. 10000 the PF is 1200. It is 12% of the basic salary
Bonus is calculated on gross salary or basic?
BASIC
How much the amount were deducted from your salary by the name of pf?
Usually it is 12% of your basic salary
What is the employer's contribution to PF as a percent of of salary?
12% of the basic salary
What basis can an employer deduct his share of pf contribution from employees salary?
On the basis of the Basic Salary component that is part of the salary. The amount contributed is 12% of the basic salary from employee as well as an equal contribution by the employer
Basic salary of civil engineer in qatar?
The basic salary of a civil engineer is around 29,000 dollars. The salary is not taxed in this country so it actually is more than it seems.
What is mean by basic salary?
Basic pay. Your salary without bonuses, allowances, benefits, commissions, etc. I hope this may help.
What is the journal entry for accrued expense?
basic salary 21967 / salary of September
