Regarding computation of salary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
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
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
17 June 2014
1st method is correct as 5000bond amount is paid out of earned salary only.
in 2nd method your calculations shows that you paid bond amount before getting salary
in 2nd method your calculations shows that you paid bond amount before getting salary
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 June 2014
OK THANX A TONNE!!
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