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Question
Data related to salary structure of 5 individuals from different organisations in March
Note:
i. Total deduction = Provident Fund deduction (which is 10% of basic salary) + other deductions
ii. Net salary =. Basic Salary + Total Allowance -Total deduction
iii. Few values are missing in the table (indicated by -). A candidate is expected to calculate the missing values, if it is required to answer the given question, on the basis of the given data and information.
Q. If other deductions of P was Rs.4720, what was his net salary?
Data related to salary structure of 5 individuals from different organisations in March
Note:
i. Total deduction = Provident Fund deduction (which is 10% of basic salary) + other deductions
ii. Net salary =. Basic Salary + Total Allowance -Total deduction
iii. Few values are missing in the table (indicated by -). A candidate is expected to calculate the missing values, if it is required to answer the given question, on the basis of the given data and information.
Q. If other deductions of P was Rs.4720, what was his net salary?
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Solution
The correct option is B 43500
Net Salary = 21800+28600 – (Total Deduction)
= 50400 – (Provident Fund + Other deduction)
= 50400 – (10% of 21800 + 47200)
= 50400 – (2180+4720)
= 43500
43500
Net Salary = 21800+28600 – (Total Deduction)
= 50400 – (Provident Fund + Other deduction)
= 50400 – (10% of 21800 + 47200)
= 50400 – (2180+4720)
= 43500
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