## How to calculate take-home salary or use Net Salary Calculator

Take home salary is the net salary or the part of your salary that can be taken home for your use for that particular financial year. This can be assessed using a Net Salary Calculator UK.

Below are the steps to calculate the salary in-hand using a Net Salary Calculator UK:

Begin with the Gross Salary calculation-Your basic salary or your CTC is not your Gross Salary. It is actually the amount obtained by deducing the EPF- the Employer’s Provident Fund and gratuity from CTC-Cost to Company.

Gross Salary= CTC-EPF-Gratuity

Your gratuity is calculated based on the following equation:

Number of Years of Servicex(Basic salary + Dearness allowance)x15/26

Dearness allowance of the above equation is the adjustment of cost of living allowed payabel to PSU-Public sector employees, Government employees and Pensioners in India, Bangladesh and Pakistan. It is evaluated as a percentage of basic salary of a Citizen to mitigate the effect of inflation upon individuals. This allowance is generally zero.

So the above equation for the gratuity each year is = 1xBasic Salary (Monthly) X 15/26

Assess the taxable income-This income is obtained by deducing HRA- House Rent Allowance, Medical Insurance, Tax free Allowance, Leave Travel Allowance(LTA) Professional Tax and Tax Saving Investments.

Taxable Income = Gross Salary – Employee’s PF Contribution(PF)/PPF investment – HRA – Tax free Allowance – LTA – Tax Saving Investments – Medical Insurance Other Deductions.

Exemption of HRA are on 3 grounds-

• Received amount from the employer as the HRA
• Rent paid minus ten percent of the basic salary
• If residing in a metropolitan city then 50 percent of the basic salary and if residing in a non-metropolitan city 40 percent of the basic salary.

Income tax calculation-Based on the budget of that particular financial year, income tax payable is calculated. This can be done by a tax analyst or a tax calculator. Certain investments can save you from a part of tax payable. A tax analyst or a tax calculator will suggest you various investment recommendations.

Evaluate the Take home salary-Professional tax differs from state to state. However, a professional tax is not very prominent.

The below equation gives the take home salary:

Take Home Salary = Gross Salary – Employee’s PF Contribution(PF) – Income Tax -Prof. Tax.

Fill in the input specified with the precise values that can be obtained from the payslip into net salary calculator UK to obtain the precise amount of take home salary. When input is not placed, approximate figures on plenty of parameters are filled in and eventually an accurate amount may not be obtained.

Take home salary can be raised in some ways which can be applied as and when feasible by the employee. Take home salary can be increased by adjusting W-4 Exemptions, requesting for a bonus, raise or a promotion, reevaluating deductions on payroll, opening a flexible spending account, working overtime or cash out PTO or Temporarily Pause 401(k) Contributions. The net salary calculator takes in all the values and performs all the deductions and exemptions and provides the net salary amount for an individual.

## BUYING USED CARS: IS IT REALLY A WISE IDEA?

In this world where time is money, owning a personal vehicle to commute saves a lot of time. One must understand that a car is a requirement and not a luxury. If you plan to buy a car, not necessarily that has to be a brand new one – You can buy a used car spending significantly less. Don’t let your ego push you to buy a new car. A penny saved is a penny earned.

Research before you take a step

If you analyse the data from the website of TCA Auto, a reputed dealer who sell used cars in Oahu, you will be convinced that buying a used car makes more sense.

A 2010 Mercedes-Benz CLS 550 Coupe whose original price was \$67000 is now being sold at \$17000. A 2010 Jaguar XF Luxury of 46 thousand dollars is now sold at 14000 dollars. The current price of a 2004 Toyota Camry LE \$5500 whose original price was \$19810. This is the biggest reason why anyone would like to buy a used car.

Depreciation burns a hole in the pocket

Suppose you are visiting a store selling both brand new & used cars in Oahu, the moment you take the car out of the showroom and drive it heading to your home, it loses 20% of its value. After 1 year, it will lose another 10% of its value. So, within a year, the car loses 30% of its value. Thus, a car is not an asset, it is a liability.

To overcome this, buying a used car is the most optimal option. Since a car loses 30% value within 1 year, you can use this problem and make it a solution – you can buy a one-year-old used car. This will save you a lot of money.

Insurance & Taxes feast on your money

The insurance premium that one needs to pay for a new car is significantly higher than the premium of the insurance of a used car. The sales tax on the price of a new car is higher too.

A used car has already experienced a significant portion of depreciation. The value of a used car will not fall significantly. But the value of a new car will decrease by 30% within the first year of purchase.

Let’s Conclude

With time, hundreds of cars are submitted to be re-sold. A buyer can get a lot of variety if he decides to buy a used car. But a limited number of new cars are released every year & there are not a lot of options to choose from

So, from where we have started, we can reach this point to conclude

…” Indeed, it’s a good idea to choose are used the car if you are in the position to throw away all the bucks for a new car”

A used car will give you the same functionality that a new car of the same model will give. There is no point in buying a new car and emptying your pocket. Smart decisions like this keep you ahead in the race.

## How To Get Grants Using Easy Process

Availing grants for your organization or business is of course a tedious process and one could not be able to get the government grants, if the process is not done correctly. This is highly effective and one could be able to get instant benefits through this in an easy way by using the methodologies which are availed in the web sites that are available with the best sites, us grants.

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There are a large number of people who are suggesting this site to avail more benefits in a trending way.

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Get complete changes in availing grants through this eminent site, and you could be able inhibit the complexities which are highly complicating while availing grants.

## Millennial Marketers- Instagram Growth That Really Matters

All the type of business needs credibility and a good reputation among people because they are the ones who are their potential clients. So, one of the strategies for building that reputation is by growing your social networking platforms and ensuring that they are able to reach larger audiences. Today, Instagram is one of the most widely used social networking platforms and having an account of your company or brand can be a very good way of spreading your companies ideas to the people. But it is also important that you are able to do that on a large scale.

Online Services for Instagram Growth

There are online companies like Millennial Marketers who provide one of the best online portals which provide services to grow your Instagram account in the best possible way, in terms of followers, likes and views. These services use a variety of marketing strategies to grow your Instagram account which can surely increase the reputation of your brand or company.

You can instantly get followers, likes and views on your Instagram account and that too very easily without any hassle. These services are the best way to gain automatic time to time addition in followers, views as well as likes

Systematic Approach For Providing Growth

The online companies follow a step by step systematic approach to getting the task done:

• The companies first ask about your requirements related to the growth of your Instagram account
• Then the company does detailed research about the ways and strategies that would best suit your business
• Finally, you get what you have applied for, the companies deliver the followers, likes or views to your Instagram account according to the deal you have opted.

Numerous Deals For You

The online services have various deals and offer when u come to a decision of purchasing a deal that would grow your Instagram account. These deals cater to all the types of requirements one can have to grow their business account. The deals are mainly per day deals in which you receive a certain number of followers per day, the number is your choice.

Get Ready to be Occupied