Re: Earning definition

[venkata kiran P]

Hi,

I am venkat, working in an MNC Company India.

My salary structure is a bit tricky. Some amount of money is deducted from my monthly salary as Tax, Provident Fund, bonus etc. The remaining amount deposited in bank account.

I would like to know whether my yearly earnings included the amount that will go for tax, Provident fund and Bonus or the amount that I get in the bank (after all deductions).

[tvn_ramesh]

Hi,

I am venkat, working in an MNC Company India.

My salary structure is a bit tricky. Some amount of money is deducted from my monthly salary as Tax, Provident Fund, bonus etc. The remaining amount deposited in bank account.

I would like to know whether my yearly earnings included the amount that will go for tax, Provident fund and Bonus or the amount that I get in the bank (after all deductions).

For earnings.. you shoudl use the GROSS Salary that is paid to you.. which includes all the taxes.. (please see the Gross salary amount on ur payslips..) and use it to calculate ur earnings point..

The amoutn that is deposited in ur bank accoutn is called as NET Salary here..

[ChetanOjha]

As said by tvn, you will be considering GROSS amount i.e. before tax.

[email257525]

b4 tx dear

[nksg]

Every amount GROSS(OT/Oncall/Bonus/Tax) if reflected on your salary slip should be used for the sal calculations for T1. Make sure that the net amount on the salary slip matches with the incoming amount in the bank statement.. from the same source..

Hi,

I am venkat, working in an MNC Company India.

My salary structure is a bit tricky. Some amount of money is deducted from my monthly salary as Tax, Provident Fund, bonus etc. The remaining amount deposited in bank account.

I would like to know whether my yearly earnings included the amount that will go for tax, Provident fund and Bonus or the amount that I get in the bank (after all deductions).

[venkata kiran P]

It's a wonderful support from you people.

Thanks,
venkat.P