hoe to find out net amount while basic salary is given?
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There is no such term as gross of VAT. The amount with VAT is called the gross amount while the net of VAT is the amount after the VAT has been deducted.
Formula for calculating Gross operating expenses and net expenses in Corporations?
Gross.
The formula is Gross = Net * ( Tax rate / 100 + 1) You can also use this site to calculate Gross/Net Price. http://jumk.de/bank-formulas/gross-net.shtml
gross pay= the amount a person is entitled to net pay= the amount a person is given after the deductions of different taxes and insurances.