Hello Everybody,
Please send me the complete formula for calculating salary. For example, I want to provide a net salary of 60,000 per month to my employee. How do I calculate all the taxes? Also, how do I generate the salary? I am very confused about the salary calculation.
Thank You.
Regards, Sanjay Pansuriya
Email: sanjaypansuriya@gmail.com
From India, Ahmadabad
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1Please send me the complete formula for calculating salary. For example, I want to provide a net salary of 60,000 per month to my employee. How do I calculate all the taxes? Also, how do I generate the salary? I am very confused about the salary calculation.
Thank You.
Regards, Sanjay Pansuriya
Email: sanjaypansuriya@gmail.com
From India, Ahmadabad
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You can calculate your tax liabilty with the help of this calculator. regards Ramesh S Chennai
From India, Madras
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From India, Madras
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We are confused, please clarify:
In the salary calculation sheet (proposed%20Salary_breakup_157(1)(1).xls), you have mentioned Basic @59.40% of gross. While calculating Basic, you have changed the formula. We have checked using the above formula (@59.40% of basic), but it is different from your calculation. It appears it should be 58.23% of the gross. Our ID is
.
From India, Mumbai
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In the salary calculation sheet (proposed%20Salary_breakup_157(1)(1).xls), you have mentioned Basic @59.40% of gross. While calculating Basic, you have changed the formula. We have checked using the above formula (@59.40% of basic), but it is different from your calculation. It appears it should be 58.23% of the gross. Our ID is
From India, Mumbai
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
SALARY SHEET CALCULATION.xls
Employee Benefits.doc