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Bonus Calculation

Bonus is a reward that is paid to an employee for his good work towards the organisation. The basic objective to give bonus is to share the profit earned by the organisation among st the employees and staff members.

If an employee having a salary below Rs.3500, but he actually earned salary in every month is different say 2400, 2700, 2100. What will be his salary for bonus calculation.

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Components

Uniquely identifiable input, part, piece, assembly or sub assembly, system or subsystem, that (1) is required to complete or finish an activity, item, or job, (2) performs a distinctive and necessary function in the operation of a system. 

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ESOP scheme

ESOP plans are qualified retirement plans that are designed solely for the purpose of transferring shares of ownership of the company to both executives and rank and file employees.

An employee stock ownership plan (ESOP) is an employee benefit plan that gives workers ownership interest in the company. ESOPs give the sponsoring company, the selling shareholder, and participants receive various tax benefits, making them qualified plans. Companies often use ESOPs as a corporate-finance strategy and to align the interests of their employees with those of their shareholders.

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ITR Declaration

Income tax declaration is required to be submitted by the Employee to its Employer which is generally submitted at the beginning of the Financial Year.

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Salary calculation sheet

Every salaried employee should know about what is basic salary, what is gross salary and what is the difference between basic salary vs gross salary, and how much basic salary are you getting and how to calculate basic salary. Here you can find complete details about basic salary calculation formula in Excel.

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Salary structure

Salary Structure is the structure or details of the salary being offered in terms of the breakup of the various components that constitute the compensation. Salary Structure is the set of parameters that define the salary. Two people can have the same salary but still get different amounts of money every month this would happen when the salary structure is different.

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TDS Calculation

TDS is a method of collecting Income Tax in India as per the provisions of the Income Tax Act of 1961. The Central Board for Direct Taxes (CBDT) is responsible for managing it. TDS is applicable on followings TDS on salary, commission, brokerage, royalty payments, contract payments, interest earned on several financial investments, earnings from lotteries, rent income and professional fees etc. Apart from that, TDS is collected in order to keep the revenue source stable for the govt. throughout the year which prevents people from evading taxes.

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TDS Calculation

TDS is a method of collecting Income Tax in India as per the provisions of the Income Tax Act of 1961. The Central Board for Direct Taxes (CBDT) is responsible for managing it. TDS is applicable on followings TDS on salary, commission, brokerage, royalty payments, contract payments, interest earned on several financial investments, earnings from lotteries, rent income and professional fees etc. Apart from that, TDS is collected in order to keep the revenue source stable for the govt. throughout the year which prevents people from evading taxes.

...
Salary structure

Salary Structure is the structure or details of the salary being offered in terms of the breakup of the various components that constitute the compensation. Salary Structure is the set of parameters that define the salary. Two people can have the same salary but still get different amounts of money every month this would happen when the salary structure is different.

...
Salary calculation sheet

Every salaried employee should know about what is basic salary, what is gross salary and what is the difference between basic salary vs gross salary, and how much basic salary are you getting and how to calculate basic salary. Here you can find complete details about basic salary calculation formula in Excel.

...
ITR Declaration

Income tax declaration is required to be submitted by the Employee to its Employer which is generally submitted at the beginning of the Financial Year.

...
ESOP scheme

ESOP plans are qualified retirement plans that are designed solely for the purpose of transferring shares of ownership of the company to both executives and rank and file employees.

An employee stock ownership plan (ESOP) is an employee benefit plan that gives workers ownership interest in the company. ESOPs give the sponsoring company, the selling shareholder, and participants receive various tax benefits, making them qualified plans. Companies often use ESOPs as a corporate-finance strategy and to align the interests of their employees with those of their shareholders.

...
Components

Uniquely identifiable input, part, piece, assembly or sub assembly, system or subsystem, that (1) is required to complete or finish an activity, item, or job, (2) performs a distinctive and necessary function in the operation of a system. 

...
Bonus Calculation

Bonus is a reward that is paid to an employee for his good work towards the organisation. The basic objective to give bonus is to share the profit earned by the organisation among st the employees and staff members.

If an employee having a salary below Rs.3500, but he actually earned salary in every month is different say 2400, 2700, 2100. What will be his salary for bonus calculation.

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