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Net basic salary 270000 after deduction of his contribution to RPF 30000 employer's contribution to R.P.F 30000,interest on PF.A/C balance @9.5% p. a.rs 28500;travelling allowance for tour rs 2400; city compensatory allowance rs 10,000; bonus 15000; entertainment allowance rs 5000. Unfurnished house at dharwar for which the employer pays rs.7500 p. M. As rent ,but deducted only rs 600 p.m. from his salary. Free gas and electricity provided by the employer at a cost of rs.500 p.m.?
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Net basic salary 270000 after deduction of his contribution to RPF 300...
Calculation of Net Salary

  • Basic Salary: Rs. 2,70,000

  • Employee's contribution to RPF: Rs. 30,000

  • Employer's contribution to RPF: Rs. 30,000

  • Interest on PF A/C balance @9.5% p.a.: Rs. 28,500

  • Travelling Allowance: Rs. 2,400

  • City Compensatory Allowance: Rs. 10,000

  • Bonus: Rs. 15,000

  • Entertainment Allowance: Rs. 5,000



Deductions from Salary

  • RPF Contribution: Rs. 30,000

  • Rent for unfurnished house: Rs. 600



Benefits Provided by Employer

  • Free gas and electricity: Rs. 500

  • Rent for unfurnished house: Rs. 7,500



Explanation
The net salary of the employee is calculated by subtracting the employee's contribution to RPF and the rent for the unfurnished house from the basic salary. The employer's contribution to RPF and interest on PF A/C balance are added to the net salary. In addition to the salary, the employee receives a travelling allowance, city compensatory allowance, bonus, and entertainment allowance.

The employer provides benefits to the employee in the form of free gas and electricity and pays rent for the unfurnished house. The cost of these benefits is deducted from the employer's expenses.
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Net basic salary 270000 after deduction of his contribution to RPF 300...
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Net basic salary 270000 after deduction of his contribution to RPF 30000 employer's contribution to R.P.F 30000,interest on PF.A/C balance @9.5% p. a.rs 28500;travelling allowance for tour rs 2400; city compensatory allowance rs 10,000; bonus 15000; entertainment allowance rs 5000. Unfurnished house at dharwar for which the employer pays rs.7500 p. M. As rent ,but deducted only rs 600 p.m. from his salary. Free gas and electricity provided by the employer at a cost of rs.500 p.m.?
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Net basic salary 270000 after deduction of his contribution to RPF 30000 employer's contribution to R.P.F 30000,interest on PF.A/C balance @9.5% p. a.rs 28500;travelling allowance for tour rs 2400; city compensatory allowance rs 10,000; bonus 15000; entertainment allowance rs 5000. Unfurnished house at dharwar for which the employer pays rs.7500 p. M. As rent ,but deducted only rs 600 p.m. from his salary. Free gas and electricity provided by the employer at a cost of rs.500 p.m.? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Net basic salary 270000 after deduction of his contribution to RPF 30000 employer's contribution to R.P.F 30000,interest on PF.A/C balance @9.5% p. a.rs 28500;travelling allowance for tour rs 2400; city compensatory allowance rs 10,000; bonus 15000; entertainment allowance rs 5000. Unfurnished house at dharwar for which the employer pays rs.7500 p. M. As rent ,but deducted only rs 600 p.m. from his salary. Free gas and electricity provided by the employer at a cost of rs.500 p.m.? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Net basic salary 270000 after deduction of his contribution to RPF 30000 employer's contribution to R.P.F 30000,interest on PF.A/C balance @9.5% p. a.rs 28500;travelling allowance for tour rs 2400; city compensatory allowance rs 10,000; bonus 15000; entertainment allowance rs 5000. Unfurnished house at dharwar for which the employer pays rs.7500 p. M. As rent ,but deducted only rs 600 p.m. from his salary. Free gas and electricity provided by the employer at a cost of rs.500 p.m.?.
Solutions for Net basic salary 270000 after deduction of his contribution to RPF 30000 employer's contribution to R.P.F 30000,interest on PF.A/C balance @9.5% p. a.rs 28500;travelling allowance for tour rs 2400; city compensatory allowance rs 10,000; bonus 15000; entertainment allowance rs 5000. Unfurnished house at dharwar for which the employer pays rs.7500 p. M. As rent ,but deducted only rs 600 p.m. from his salary. Free gas and electricity provided by the employer at a cost of rs.500 p.m.? in English & in Hindi are available as part of our courses for B Com. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.
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