UrbanPro

Take Class 10 Tuition from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors

Search in

How we calculate the income of an individual?

Asked by Last Modified  

Follow 0
Answer

Please enter your answer

Tutor

income=(BasicSalary+Allowance+Bonus+perquesites+Retirement benifits). where as salary=((BasicSalary+Allowance+Bonus+perquesites+Retirement benifits)-(professional tax+entertainment allowance)).
Comments

Tutor

(basic salary+allowance+bonus+perquisites+retirement benefits)-(professional tax+entertainment allowance).
Comments

Income of the individual is depend on his/her profession whether he/she is salaried or entrepreneur or professional.
Comments

Teacher

Income of an individual which is earned by a person through a profession or via business
Comments

Tutor

We could calculate one's salary if the person is a government employee as their salaries can be mentioned in public but for a private employee it changes continuously depending on the factors of performance
Comments

CA inter commerce teacher

The income of an individual is broadly defined as the amount of money earned by a person in a financial year. As per Income Tax Act 1961 it is calculated under various heads defined by the act. The broad classification being 1. Income from Salary 2. Income from House property 3. Income from Business...
read more
The income of an individual is broadly defined as the amount of money earned by a person in a financial year. As per Income Tax Act 1961 it is calculated under various heads defined by the act. The broad classification being 1. Income from Salary 2. Income from House property 3. Income from Business and profession 4. Income from Capital gains 5. Income from other sources read less
Comments

Mechanical Engineering Tutor

Individual Income: 1) List out number of sources of income 2) For monthly salary: Extract the net salary (excluding Provident Fund, professional tax, other deductions) 3) For other source of income, extract the net pay (excluding taxes) 4) Sum up the amount obtained from point 2,3 and 4.
Comments

View 5 more Answers

Related Questions

What steps can be taken to control soil erosion in the hilly areas?
Soil erosion is a potential threat to the areas that are lying on the steep slopes and also near the hills, where there is a good amount of crop cultivation. It not only leaves the land baren but also...
Trupti
0 0
5
If X to the power of X = 2 to the power of 11 then the value of X is ?
X^X = 2^11 = 2048 =4.837^4.837 or (4.837 to the power of 4.873). Hence Value of X = 4.837 (approx)..............
J.P N.
What is frequency?
The number of cycles per unit of time is called the frequency.frequency is measured in the hertz unit
Krity
0 0
5

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

Mixed Numbers and Improper Fractions
A mixed number is a combination of a whole number and a fraction. For example, if you have two whole apples and one half apple, you could describe this as 2 + 1/2 apples, or 21/2 apples. Writing...
A

Amrtha S.

0 0
0

Private, Public and Joint Sector Enterprises-Class 11 NCERT, Class 9 ICSE,Commercial Studies
CBSE Std XIth Business Studies Classification of Commercial Organisations based on the ownership-

How to solve a maths questions
Always use simple and easy fastest steps to solve a problem . As each questtion involves simple basic calculation like Addition,Subtraction , Multiplication , Division . Dont go for all calculation using...

Difference Between Water and Alcohol
1.Water exists in three distinctive states, solid (ice), liquid (water) and gaseous (steam or vapor). But alcohol exists only in the single liquid state.2.Water is a molecular substance while alcohol is...

Some Questions Regarding Force And Pressure
Q1: What is a force?Answer: Force is a push or a pull acting on an object which changes or tends to change the state of the object.Actions like pulling, pushing, lifting, kicking, opening etc. are tasks...

Recommended Articles

Quest Academy is a professional Bangalore based NEET and JEE (Main + Advanced) training institute. The academy was incorporated in 2015 to cater to the needs of students, who aim to crack competitive exams by connecting with the best brains around. The institute helps students enhance their skills and capabilities through...

Read full article >

Sandhya is a proactive educationalist. She conducts classes for CBSE, PUC, ICSE, I.B. and IGCSE. Having a 6-year experience in teaching, she connects with her students and provides tutoring as per their understanding. She mentors her students personally and strives them to achieve their goals with ease. Being an enthusiastic...

Read full article >

Raghunandan is a passionate teacher with a decade of teaching experience. Being a skilled trainer with extensive knowledge, he provides high-quality BTech, Class 10 and Class 12 tuition classes. His methods of teaching with real-time examples makes difficult topics simple to understand. He explains every concept in-detail...

Read full article >

Mohammad Wazid is a certified professional tutor for class 11 students. He has 6 years of teaching experience which he couples with an energetic attitude and a vision of making any subject easy for the students. Over the years he has developed skills with a capability of understanding the requirements of the students. This...

Read full article >

Looking for Class 10 Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you

Take Class 10 Tuition with the Best Tutors

The best Tutors for Class 10 Tuition Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more