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Gross Pay vs. Net Pay
There are two types of deductions for gross pay: required and voluntary. Deductions can vary by employee and paycheck. Each ...
This results in two benefit deduction-free checks during months where there are 3 pay periods. For more in depth information regarding types of leave and accrual rates, visit the Vacations and Leaves ...
This is the gross pay for the pay period before any deductions, including wages, tips, bonuses, etc. You can calculate this from an annual salary by dividing the annual salary by the number of pay ...
For the premium that you pay for your health insurance ... To learn more about the types of 80D deduction according to the ...
If you live in a rented house and receive HRA as part of your salary, you can claim an exemption under Section 10(13A), subject to specified limits. Home Loan Interest Deduction A deduction of up ...