BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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3.52
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0035.42
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.003542
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35.4%
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Detailed explanation-1: -Gross salary is calculated by adding an employee’s basic salary and allowances prior to making deductions, including taxes. Here, a basic salary is the base income of an employee or the fixed part of one’s compensation package. Provident Fund is not taken into account while deriving the gross salary.
Detailed explanation-2: -For example, your Cost To Company (CTC) is Rs 8 lakh. The employer gives you a bonus of Rs 50, 000 for the financial year. Then your total gross salary is Rs 8, 00, 000 – Rs 50, 000 = Rs 7, 50, 000 (the bonus is deducted from the Cost to Company). Gross Salary = Rs 8, 00, 000 – Rs 50, 000 = Rs 7, 50, 000.
Detailed explanation-3: -Infosys SE salary in India ranges between ₹ 3.4 Lakhs to ₹ 33.1 Lakhs with an average annual salary of ₹ 14.4 Lakhs. Salary estimates are based on 132 Infosys latest salaries received from various employees of Infosys.