How do I calculate basic and gross pay?

Payroll Calculator

  1. Payroll calculations usually constitute 4 main components – Basic pay, Allowances, Deductions, and IT Declarations.
  2. Gross Pay is the sum of Basic pay + Allowances.
  3. Net Pay is the difference between Gross Pay – (Deductions + Total TDS).
  4. Basic Pay is 50% of Gross salary (Gross * 0.5)

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