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4

LWP calculated on

A. Gross salary

B. Net salary

C. Individual salary component

D. All of them

Correct Answer :

D. All of them


Related Questions

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4

If the house of the employee is situated at Mumbai the HRA is ______ of the salary

A. 40%

B. 45%

C. 50%

D. 20%

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4

Holiday may be differ by location to location.

A. True

B. false

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4

In Paychek to create employee we have to press________ button

A. Add

B. Insert

C. New

D. None of the above

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4

After reinitializing the database financial year starting from

A. Loan accounts

B. Income tax calculation

C. Both of them

D. None of them

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4

Paychek stores the company data in

A. Drive:\Payckek\date\

B. Drive:\Paychek\company name

C. Drive:\PC\Financial Year

D. None of them

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4

There are ____ types of leave in Paychek

A. 3

B. 2

C. 4

D. 1

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4

Normally Night Allowance rates shown in the package

A. Rs. 15

B. Rs. 20

C. Rs. 25

D. None of them

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4

The form that deals with ESI of all employee is

A. Form 6

B. Form 13A

C. Form 10

D. None of them

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4

The short cut key of section _________.

A. Ctrl+S

B. Ctrl+C

C. Ctrl+G

D. None of the above

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4

Smart Pay has no provision for creating multiple companies:

A. True

B. False

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4

To print Form 16 click on

A. Proceed button

B. Confirm Button

C. Show Button

D. None of them

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4

LTA stands for __________

A. Local Telephone Allowance

B. Leave Transport Allowance

C. Leave Travelling Allowance

D. None of the above

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4

The extension of Back up file ________

A. .exp

B. .mdb

C. .bck

D. None of the above

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4

Company can not be modified from settings from company menu.

A. True

B. False

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4

The employees who draw Rs. 7000 as wages pay Rs. 45 as P.Tax

A. True

B. False

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4

To maintain the holiday we have to select Holiday from

A. Master

B. Transaction

C. Company

D. None of them

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4

To create leave allotment master we have to create the following item first

A. Employee only

B. Designation only

C. Both of them

D. None of them

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4

Employer's contribution to FPF is

A. 8.33 % of basic salary

B. RS. 540

C. Subject to maximum of (i) & (ii)

D. None of them

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4

The maximum number of emoluments are

A. 20

B. 24

C. 14

D. None of them

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4

Pay Slip contains details of _________

A. Employee Details

B. Salary

C. PF Details

D. None of the above

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4

The short cut key of employee

A. Ctrl + E

B. Ctrl + P

C. Ctrl + L

D. None of the above

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4

Smart pay is a payroll processing software package for__________

A. Office worker

B. Factory worker

C. Both of the above

D. None of the above

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4

In this package any name of employee shown as red when

A. Employee is left

B. Net payment is negative

C. That employee take loan

D. None of the above

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4

ESI stands for

A. Employee State Insurance

B. Employee Savings Insurance

C. Employer State Insurance

D. None of the above

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4

After reinitializing the database financial year starting from

A. 01.04.1997

B. 01.04.2002

C. Any Date

D. None of the above

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4

To calculate overtime factor total overtime factors are divided by total________

A. Attendance Day

B. Attendance Hours

C. Both of the above

D. None of the above

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4

Sumptuary Allowance given to

A. High Court Judges

B. Supreme Court Judges

C. Both of them

D. None of them

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4

The necessary condition is that all the employees has account with the Master Bank.

A. True

B. False

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4

Workman called to work in place of other employee in a different job for emergency eligible for________ allowance.

A. Replace

B. Acting

C. Normal

D. None of the above

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4

The calculation of per day rate is

A. (Basic + DA)/30

B. (Basic + DA)/ Actual month days

C. (Basic + DA)/Actual pay day

D. None of them