How is the Net Salary (NS) of an employee determined?
Answer & explanation
Correct answer: option 2
The correct answer is option 2- NS = TE - TD.
The Net Salary (NS) is the amount payable to an employee. It is obtained by deducting Total Deductions (TD) from Total Earnings (TE) as given below :
Net Salary (NS) = Total Earnings (TE) – Total Deductions (TD)