Salary component Amount (₹)

Gross salary 60,000

HRA 2,000
Medical Insurance 1,500
Transport Allowance 1,000
Provident Fund (PF) 2200
Income Tax 1000

Formula 55,500
Basic Salary 55,500
 Salary component Amount (₹)
Basic salary 45,500
HRA 2,000
Medical Insurance 1,500
Transport Allowance 1,000
Provident Fund 2000
Income Tax 1000

Formula 50,000
Gross Salary 50,000
 Salary component Amount (₹)
Gross salary 50,000
HRA 2,000
Medical Insurance 1,500
Transport Allowance 1,000
Provident Fund 2000
Income Tax 1000

Formula 47,000
Net Salary 47,000
 Salary Amount (₹)
Net salary of 1month 47,000
Formula 564000
Annual salary 5,64,000
Gross Pay ($) Per Week 500
No. of Working Hours 25

Formula 20
Hourly Wages 20
Product A Sales ($) 25000
Commission Rate (%) 5%

Formula 1250
Gross Commission 1250
Regular Working Hours 40
Salary Per Hour ($) 20
Overtime Hours 5

Formula for Base Pay 800

Base Pay/Regular Pay 800

Formula for Overtime Payment 150

Overtime Payment($) 150

Total Due Pay 950