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Calculate compensation of employees from the following data bonus rs.1000, basic salary rs. 15000, dearness allowances rs. 15000, rent free accommodations rs. 3000, loan at conclusion rate of interest rs. 500, employees contribution towards social security schemes rs. 300, employers contribution towards social security schemes rs. 300.?
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Calculate compensation of employees from the following data bonus rs.1...
Calculation of Employee Compensation

Basic Salary:
- Basic Salary: Rs. 15,000

Allowances:
- Dearness Allowance: Rs. 15,000
- Bonus: Rs. 1,000
- Rent-free Accommodations: Rs. 3,000

Deductions:
- Loan at Conclusion Rate of Interest: Rs. 500
- Employee's Contribution towards Social Security Schemes: Rs. 300
- Employer's Contribution towards Social Security Schemes: Rs. 300

Calculation:
Total Earnings = Basic Salary + Allowances
Total Earnings = Rs. 15,000 + Rs. 15,000 + Rs. 1,000 + Rs. 3,000
Total Earnings = Rs. 34,000
Net Compensation = Total Earnings - Deductions
Net Compensation = Rs. 34,000 - Rs. 500 - Rs. 300 - Rs. 300
Net Compensation = Rs. 33,200
Therefore, the net compensation of the employee after considering all the earnings and deductions is Rs. 33,200.
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Calculate compensation of employees from the following data bonus rs.1000, basic salary rs. 15000, dearness allowances rs. 15000, rent free accommodations rs. 3000, loan at conclusion rate of interest rs. 500, employees contribution towards social security schemes rs. 300, employers contribution towards social security schemes rs. 300.?
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Calculate compensation of employees from the following data bonus rs.1000, basic salary rs. 15000, dearness allowances rs. 15000, rent free accommodations rs. 3000, loan at conclusion rate of interest rs. 500, employees contribution towards social security schemes rs. 300, employers contribution towards social security schemes rs. 300.? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Calculate compensation of employees from the following data bonus rs.1000, basic salary rs. 15000, dearness allowances rs. 15000, rent free accommodations rs. 3000, loan at conclusion rate of interest rs. 500, employees contribution towards social security schemes rs. 300, employers contribution towards social security schemes rs. 300.? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Calculate compensation of employees from the following data bonus rs.1000, basic salary rs. 15000, dearness allowances rs. 15000, rent free accommodations rs. 3000, loan at conclusion rate of interest rs. 500, employees contribution towards social security schemes rs. 300, employers contribution towards social security schemes rs. 300.?.
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