Originally Posted by
Runways
To anyone who just came out of the college, what does the take home salary equate to? I,ve seen the annual salary but just wanted to know the after tax value, is it fortnightly,monthly? Thanks
The basic method of calculating the take home salary is no different from any other job really. Take the gross annual income,
work out which tax bracket you belong to to find out how much tax you'll have to pay, and then subtract the tax from your gross annual income to find your net annual income. And then divide by the appropriate number of pay periods, which, in the case of the learning academy, is fortnightly. Of course, this does not take into account any deductions, levies, monies withholding etc, that may vary with your own individual circumstances.
This post is not financial advice.