17 June 2014
hi everyone.plz help me in solving this query AN EMPLOYEE IS DRAWING A SALARY OF 50000 PM...EVERY MONTH RS 5000 IS DEDUCTED FOR BOND.. THIS MONTH HE WORKED FOR NET 26 DAYS....SO HIS SALARY WS CALCULATED PROPORTIONATELY 50000*26/31= 41935 AND THEN RS 5000 WS DEDUCTED.... SO HE GETS RS. 36,935 IN HAND. MY QUES IS WHETHER THIS METHOD IS CORRECT OR SHUD 5000 BE DEDUCTED BEFORE AND THEN PROPORTONATE SALARY BE CALCULATED ON 45000 i.e., 45000*26/31= 37742
CAclubindia
