If the house of the employee is situated at Mumbai the HRA is ______ of the salary
40%
45%
50%
20%
Correct Answer :
C. 50%
Related Questions
After reinitializing the database financial year starting from
01.04.1997
01.04.2002
Any Date
None of the above
Paychek stores the company data in
Drive:\Payckek\date\
Drive:\Paychek\company name
Drive:\PC\Financial Year
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EMI stands for ____________.
Equal Mutual Installment
Every Month Installment
Equal Monthly Installment
None of the above
Company can not be modified from settings from company menu.
True
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Month days calculation on the basis of
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Actual
Both of them
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Bonus liability prints the net bonus payable amounts
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Add
Insert
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Rs.1
Rs.2
Rs.3
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Exiting designation or section cannot be deleted .
True
False
The form that deals with ESI of all employee is
Form 6
Form 13A
Form 10
None of them
To print Form 16 click on
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Confirm Button
Show Button
None of them
Allowances paid exempted from tax
High Court Judges
Supreme Court Judges
Judicial Lawyer
All of the above
Grade A denotes
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Employees who are involved in office works
Employees who are involved in production
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In PayChek to create holiday we have to create __________ first
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Local Telephone Allowance
Leave Transport Allowance
Leave Travelling Allowance
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Bank advice letter send to ___________
Employee
Normal Bank a/c
Master Bank
None of the above
The maximum number of emoluments are
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24
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None of them
The employees who draw Rs. 7000 as wages pay Rs. 45 as P.Tax
True
False
To maintain the holiday we have to select Holiday from
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None of them
Milk allowance is applicable where employee's _______________.
Mental Stress
Physical stress
Both of the above
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
Employer's contribution to FPF is
8.33 % of basic salary
RS. 540
Subject to maximum of (i) & (ii)
None of them
Pay Slip contains details of _________
Employee Details
Salary
PF Details
None of the above
Normally Night Allowance rates shown in the package
Rs. 15
Rs. 20
Rs. 25
None of them
Workman called to work in place of other employee in a different job for emergency eligible for________ allowance.
Replace
Acting
Normal
None of the above
Smart Pay has no provision for creating multiple companies:
True
False
The short cut key of employee
Ctrl + E
Ctrl + P
Ctrl + L
None of the above
LWP calculated on
Gross salary
Net salary
Individual salary component
All of them
If the house of the employee is situated at Mumbai the HRA is ______ of the salary
40%
45%
50%
20%
The short cut of production bonus entry
Ctrl + P
Ctrl + B
Ctrl + S
None of the above