Allowances paid exempted from tax
High Court Judges
Supreme Court Judges
Judicial Lawyer
All of the above
Correct Answer :
A. High Court Judges
Related Questions
Normally Night Allowance rates shown in the package
Rs. 15
Rs. 20
Rs. 25
None of them
Bank advice letter send to ___________
Employee
Normal Bank a/c
Master Bank
None of the above
In this package any name of employee shown as red when
Employee is left
Net payment is negative
That employee take loan
None of the above
Smart pay is a payroll processing software package for__________
Office worker
Factory worker
Both of the above
None of the above
There are _______ salary components by default in PayChek.
10
14
20
9
To calculate overtime factor total overtime factors are divided by total________
Attendance Day
Attendance Hours
Both of the above
None of the above
The calculation of per day rate is
(Basic + DA)/30
(Basic + DA)/ Actual month days
(Basic + DA)/Actual pay day
None of them
In Paychek to create employee we have to press________ button
Add
Insert
New
None of the above
After reinitializing the database financial year starting from
01.04.1997
01.04.2002
Any Date
None of the above
Holiday may be differ by location to location.
True
false
To create leave allotment master we have to create the following item first
Employee only
Designation only
Both of them
None of them
The employees who draw Rs. 7000 as wages pay Rs. 45 as P.Tax
True
False
Company can not be modified from settings from company menu.
True
False
Employer's contribution to FPF is
8.33 % of basic salary
RS. 540
Subject to maximum of (i) & (ii)
None of them
Month days calculation on the basis of
30 days
Actual
Both of them
None of them
PF falls under the head:
Emoulument
Deduction
Loan
Rebate
Location wise holiday cannot be maintained.
True
False
Left employees do not appear in salary disbrushment
True
False
Sumptuary Allowance given to
High Court Judges
Supreme Court Judges
Both of them
None of them
Paychek stores the company data in
Drive:\Payckek\date\
Drive:\Paychek\company name
Drive:\PC\Financial Year
None of them
The necessary condition is that all the employees has account with the Master Bank.
True
False
ESI stands for
Employee State Insurance
Employee Savings Insurance
Employer State Insurance
None of the above
After reinitializing the database financial year starting from
Loan accounts
Income tax calculation
Both of them
None of them
The short cut of production bonus entry
Ctrl + P
Ctrl + B
Ctrl + S
None of the above
To maintain the holiday we have to select Holiday from
Master
Transaction
Company
None of them
Bonus liability prints the net bonus payable amounts
True
False
The extension of the backed up file in Smart Pay is .SBF
True
False
LWP calculated on
Gross salary
Net salary
Individual salary component
All of them
There are ____ types of leave in Paychek
3
2
4
1
If the house of the employee is situated at Mumbai the HRA is ______ of the salary
40%
45%
50%
20%