Answer to Question #99076 in Finance for khurram

Question #99076
suppose mr arsalan's basic salary is 12000.calculate the allowances (house rent,utility bills,conveyance allowanc).Also,find the provident fund and gratuity?
Expert's answer

Basic Salary = 12,000

Regardless, we need to discover every stipend aggregate. 

House Rent: As v acknowledge house rent is 45% of basic compensation along these lines, 

12,000 x 45% = 5400

Administration Bills: As v acknowledge Utility is 2.5% of principal remuneration along these lines, 

12,000 x 2.5% = 300

Development stipend: As v acknowledge transport is 2.5% of fundamental compensation along these lines, 

12,000 x 2.5% = 300

Directly outright settlement = house rent + Utility Bills + Conveyance stipend 

= 5400 + 300 +300 

Hard and fast ALLOWANCE = 6000

By and by finding Provident hold aggregate and tip, 

Lucky Fund: V all acknowledge Provident support is 1/eleventh of basic pay so in this circumstance, 

Blessed support = 1/11 x 12,000 

= 1091/ - yet v moreover understand that identical proportion of Provident hold furthermore contributed by the association along these lines, 1091+1091 = 2181

Fortunate finance = 2181

Tip Fund: It's in like manner 1/eleventh of fundamental remuneration along these lines, 

Tip account = 1/11x 12,000 

Tip sponsor = 1091

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