Entrepreneurย โขย 10m
Understanding Taxation: Salary vs. Income Hey there! Letโs talk about something essential in financeโtaxationโand the difference between salary and income. First off, your salary is the fixed amount you earn from your employer, usually detailed in your employment contract. For example, if you have an annual salary of $50,000, thatโs the base amount you receive before any taxes or deductions. Now, income is a broader term. It includes not just your salary but also any bonuses, investment income, rental income, freelance earnings, and more. So, if your salary is $50,000 and you earn an additional $15,000 from investments and side jobs, your total income would be $65,000. Remember, taxes are calculated on your total income, not just your salary. This distinction is crucial for understanding your financial situation and tax obligations. Curious to learn more about how taxation works and how to manage it? Letโs chat! Drop your questions below!
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Medialย โขย 9m
CTC stands for Cost-to-Company, and it's a human resources metric that represents the total amount of money a company spends on an employee in a year. This includes the employee's salary, benefits, taxes, and other costs. CTC is different from an
See More"Entrepreneurial lea...ย โขย 1y
โผ๏ธWanna be in Top 1 % Here's the amount of salary you need to earn in order to come in the Top 1%. Indian Rupees ( INR ) ๐กTop 10 % - 25,000/mon โซTop 5 % - 65,000/mon ๐ตTop 3 % - 1,00,000/mon ๐ขTop 1 % - 3,70,000/mon ๐Where you are Vote d
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The Institute of Chartered Accountants of Indiaย โขย 4m
How to Calculate Employee Cost to Company (CTC) & Understand In-Hand Salary. ๐ค 1๏ธโฃ Cost to Company (CTC): CTC represents the total amount a company spends on an employee annually. It includes: + Basic Salary + Dearness Allowance (DA) + House Rent
See MoreHey I am on Medialย โขย 7m
One Tax Policy: A New Era of Taxation in India? What if income tax was the only tax you had to pay? A system where individuals pay a fixed percentage of their income as tax, and in return, they are exempt from all indirect taxes like GST and service
See MorePartner @ Finshark A...ย โขย 1y
ITR Forms for Stock Market Income๐ A lot of people have been asking about which ITR form to use for stock market income. Here's a quick guide to clear up any confusion ๐ 1. Salary + Capital Gains: ITR-2 2. Salary + Capital Gains + Intraday Tradi
See MoreFiguring Outย โขย 1y
Many of you have know that only less than 5% population in india, pays taxes. But there is reason for it. According to this economic times report, only 1.8 crore people earn more than 5 lakhs annually (~2%). And if you earn less than 5 lakhs, you leg
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IIITKottayamย โขย 8m
Total female population of Delhi= 80Lakh Freebie promised= 2100 INR/month per female 2100 * 12= 25,200 per year, per female 80L * 25,200= 20,000Cr Total state budget Delhi = 72,000Cr % spent on 1 freebie scheme= 27.7% All being done on taxpa
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