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Homework answers / question archive / A school pays a monthly salary to its employees, which consists of basic salary, allowances and deductions

A school pays a monthly salary to its employees, which consists of basic salary, allowances and deductions

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A school pays a monthly salary to its employees, which consists of basic salary, allowances and deductions. The details of allowances and deductions are as follows: a. HRA is 30% of basic b.DA is 20% of basic c.Conveyance allowance is- (I) Rs. 500/-, if basic is less than or equal to Rs. 10000/- (II) Rs. 750/-, if basic is greater than Rs. 10000/- and less than Rs. 20000/- (III) Rs. 1000/-, if basic is greater than rs.20000/- d. Entertainment allowance is- (I) Rs. 500/-, if basic is less than or equal to Rs. 10000/- (II) Rs. 1000/-, if basic is greater than Rs. 10000/- e. PF deduction is 6% of basic f. IT deduction is 15% of the basic g. Calculate the following: (I) Gross salary=Basic+HRA+DA+Conveyance+entertainment (II) Deduction= PF+IT (III) Net Salary= Gross salary- deduction. Make a salary table and calculate the net salary of the employees. Your fields may be: Teacher name, Basic_salary, HRA, DA, Conveyance Allowance, Entertainment Allowance, Gross salary, PF, IT Deduction,Net Salary.

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