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How do you calculate take home pay?

Take Home Salary = Gross Salary – Income Tax – Employee’s PF Contribution(PF) – Prof. Tax. Gross Salary = Cost to Company (CTC) – Employer’s PF Contributi...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Are doctors exempt from income tax?

Income tax for doctors in India has to be paid annually. Under the income tax deduction Section 44AA, it is mandatory for doctors to maintain a book of ac...

What is the most important thing in the hospitality industry?

Service is the key in the Hospitality Industry Good service is the key to success in any hospitality business. Many customers rely on internet reviews to ...

What are PVC additives?

The essential additives for all PVC materials are stabilisers and lubricants; in the case of flexible PVC, plasticisers are also incorporated. Other addit...

What if I forgot to send someone a 1099?

If you forgot to send out 1099s last year you can expect the IRS to apply a material penalty. This applies both to “forgotten” and incorrectly filed 1099 ...

How many jobs does the average Millennial have?

Comparing similar interview rounds reveals the Millennial cohort held an average of 7.8 jobs from ages 18 to 30 while the Boomer cohort held an average of...

How did the Great Depression affect industries?

How did the Great Depression affect the American economy? In the United States, where the Depression was generally worst, industrial production between 19...

Should I get a 1099 from my employer?

If a company hires you as an independent contractor and pays you more than $600, it must send you a Form 1099-MISC. If the company fails to give you a 109...

Why are taxes not being taken out of my paycheck?

If you see that your paycheck has no withholding tax, it could be because you are exempt. You qualify for exemption if in the previous year you had a righ...

What is vacuum molding process?

Vacuum Moulding is the process by which a thermoplastic sheet material is heated until it’s malleable and then sucked onto a forming core or tool using th...