The employees who draw Rs. 7000 as wages pay Rs. 45 as P.Tax
True
False
Correct Answer :
B. False
Related Questions
The form that deals with ESI of all employee is
Form 6
Form 13A
Form 10
None of them
Smart Pay has no provision for creating multiple companies:
True
False
Holiday may be differ by location to location.
True
false
Smart pay is a payroll processing software package for__________
Office worker
Factory worker
Both of the above
None of the above
There are ____ types of leave in Paychek
3
2
4
1
Exiting designation or section cannot be deleted .
True
False
To maintain the holiday we have to select Holiday from
Master
Transaction
Company
None of them
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
The calculation of per day rate is
(Basic + DA)/30
(Basic + DA)/ Actual month days
(Basic + DA)/Actual pay day
None of them
LTA stands for __________
Local Telephone Allowance
Leave Transport Allowance
Leave Travelling Allowance
None of the above
Company can not be modified from settings from company menu.
True
False
The maximum number of emoluments are
20
24
14
None of them
In PayChek to create holiday we have to create __________ first
Employee
Location
Emolument
All the above
Allowances paid exempted from tax
High Court Judges
Supreme Court Judges
Judicial Lawyer
All of the above
Company subscribes Rs. ____ against each existing employee for LWF.
Rs.1
Rs.2
Rs.3
None of them
Grade A denotes
Employees of management label
Employees who are involved in office works
Employees who are involved in production
None of them
If the house of the employee is situated at Mumbai the HRA is ______ of the salary
40%
45%
50%
20%
There are _______ salary components by default in PayChek.
10
14
20
9
Salary component name can not support
Space
Special Character
Both of them
None of them
The necessary condition is that all the employees has account with the Master Bank.
True
False
Left employees do not appear in salary disbrushment
True
False
The employees who draw Rs. 7000 as wages pay Rs. 45 as P.Tax
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
For an employee rent paid amount & HRA both can be defined at a time.
True
False
Bonus liability prints the net bonus payable amounts
True
False
After reinitializing the database financial year starting from
01.04.1997
01.04.2002
Any Date
None of the above
LWP calculated on
Gross salary
Net salary
Individual salary component
All of them
LWP stands for___________
Labour Work Policy
Labour Welfare Policy
Leave Without Pay
None of the above
Location wise holiday cannot be maintained.
True
False
Month days calculation on the basis of
30 days
Actual
Both of them
None of them