Partner Salary

1.90% of first 75000 or 67500 whichever is higher,

60% of next 75000 or 45000 whichever is higher,

40% of balance book profit.

2.

1.90% of first 100000 or 90000 whichever is higher,

60% of next 100000 or 900000 whichever is higher,

40% of balance book profit.

1 - trading firm

2- professional firm

book profit= net profit + salary provided to partners.

CALUCLATION OF PARTNERS SALARY