Design a salary slip for the month of March 2021 with information given below. Fixed vs variable ratio- 70:30 Ctc - 20L Basic- 50% Hra- 20% Travel allowance- 2000 Insurance - 2500 Incentive with 75% target completion Pf 12% Earned leaves - 7

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Design a salary slip for the month of March 2021 with information given below. Fixed vs variable ratio- 70:30 Ctc - 20L Basic- 50% Hra- 20% Travel allowance- 2000 Insurance - 2500 Incentive with 75% target completion Pf 12% Earned leaves - 7
Payslip For NOVEMBER 2012
Personnel No.
01223455
Name
Rohit Sharma
Bank
ICICI
Bank A/c No.
01234456677
15/01/13
DOJ
LOP Days
PF/12/df
PF No.
STD Days
30
Location
Bangalore
Worked Days
30
Department
IT
Designation
Software Engineer
Earnings
Amount in Rs.
Deductions
Amount in Rs.
BASIC
9,965.00 PROVIDENT FUND
1,196.00
4,982.00 PROFESSIONAL TAX
7,093.00 INCOME TAX
HOUSE RENT ALLOWANCE
200.00
SPECIAL ALLOWANCE
194.00
CONVEYANCE
ADDNL SPECIAL ALLOWANCE
ONCALL/SHIFT ALLOWANCE
800.00
3,333.00
1,800.00
STAT BONUS
700.00
28,673.00 GROSS DEDUCTIONS
NET PAY 27.083.00
GROSS EARNING
1,590.00
Transcribed Image Text:Payslip For NOVEMBER 2012 Personnel No. 01223455 Name Rohit Sharma Bank ICICI Bank A/c No. 01234456677 15/01/13 DOJ LOP Days PF/12/df PF No. STD Days 30 Location Bangalore Worked Days 30 Department IT Designation Software Engineer Earnings Amount in Rs. Deductions Amount in Rs. BASIC 9,965.00 PROVIDENT FUND 1,196.00 4,982.00 PROFESSIONAL TAX 7,093.00 INCOME TAX HOUSE RENT ALLOWANCE 200.00 SPECIAL ALLOWANCE 194.00 CONVEYANCE ADDNL SPECIAL ALLOWANCE ONCALL/SHIFT ALLOWANCE 800.00 3,333.00 1,800.00 STAT BONUS 700.00 28,673.00 GROSS DEDUCTIONS NET PAY 27.083.00 GROSS EARNING 1,590.00
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