Study the table and answer the given questions –
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 deduction
(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 value, if it is required to answer the given question, on the, basis of the given data and information.
For T,
Other deduction = Rs. 4,000 and Total deduction = Rs. 5,700
Let basic salary = $$Rs. 100x$$
=> Total deduction = Provident fund deduction (10% of basic salary) + other deduction
=> $$5700 = (\frac{10}{100} \times 100x) + 4000$$
=> $$10x = 5700 - 4000 = 1700$$
=> $$x = \frac{1700}{10} = 170$$
=> Basic salary = $$100 \times 170 = Rs. 17,000$$
$$\therefore$$ Net salary = $$17,000 + 21,600 - 5,700 = Rs. 32,900$$
Create a FREE account and get: