ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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How much time he has worked
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How much output he has made
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How many items he has sold
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None of the above
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Detailed explanation-1: -Take-home Salary = Gross Salary – Income Tax – Employee’s PF contribution (PF) – Professional Tax. Gross Salary = CTC – Employer’s PF contribution (EPF) – Gratuity.
Detailed explanation-2: -Take home salary – Take home salary is the amount that will be credited to your bank account. This is usually your gross salary less deductions (such as income tax, employee contribution to provident fund, profession tax etc) less any benefits in kind.
Detailed explanation-3: -Compared to the CTC, the take home salary is the amount that is finally deposited in the employees’ bank account after all necessary deductions like PT, PF, TDS, etc.
Detailed explanation-4: -Salary per day = Annual (or monthly) salary ÷ Total base days in a year (or month) Salary per day: Monthly salary = Salary per day x Total paid days. Monthly salary: