CGPCS Prelims and Mains Notes, CGPCS Test Series
HCM and LCM Factors A factor of a number are all those numbers, which exactly divide the given number. “Exactly divides” means that when a number is divided by its factor the reminder is always 0. For example: 1,2,and 4 are the factors of 4. Multiples Multiples of a number are those numbers which are … Read more
Calculation of income tax (for salaried person and excluding house rent allowance) Salary is made up of various components such as: Basic salary, House rent allowance (HRA), Special allowance Other allowances, reimbursements etc. However, not all of the amount received as salary is fully taxable. A part of it will be fully exempt from tax … Read more
Calculation of interest on/in savings account, fixed deposit account and recurring deposit account Saving account Interest rate calculation Formula Daily interest = Amount (Daily balance) * Interest (3.5/100) / days in the year. Earlier method of interest rate calculation Earlier, banks would pay interest at the rate of 3.5% p.a. on the lowest available balance … Read more