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What is the method of calculation TDS in salary?
Tds deducated on basic amount only not on service tax
What is formula to calculate yearly salary to monthly salary?
Divide it by 12...
How do you calculate a 2.5 percent increase in salary?
Multiply your current salary by 1.025 times.
How do you calculate 3 percent raise?
To calculate a 3% raise, you need to multiply your current salary by .03. The amount you come up with will give you your raise. You can add these amounts together and get your total salary. Or multiply by 1.03 and save a step.
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.
