Prepare the payroll of Amal Bros, for the month of January 2016.
- DA – 36% of Basic Pay
- HRA – Rs 500
- CCA – 6% of Basic pay
Deduction:
1. PF subscription – 8% of BP.
2. Group insurance premium Rs. 200 below basic pay Rs. 6000 and for others Rs. 350.
3. Tax deducted at source 10% of Gross Pay for employees below gross pay of Rs. 10000 arid for others 20%. Also, find out the total salary payable to employees for the month.