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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1912)
 Accounting General interview questions  Accounting General Interview Questions (2841)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4372)
Question
pls help me make a full salary with all deduction like PF, 
ESI, HRA, Basic, conveyance etc with full rates% supose my 
salary is CTC 10660/- & give me full form of CTC
 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
CTC means Cost To Company.
The breakup may be as follows;
Basic=5000
PF=12% on Basic=600
ESIC = 1.75% on 10660=187
HRA=40% of Basic=2000
Conveyance as per the company limitaions/actual spent
 
Is This Answer Correct ?    34 Yes 10 No
Suma Sy
 
Answer
# 2
Amount Heads Creteria
3198 Basic 30% of CTC
1599 HRA 50% of Basic
384 PF Employer
384 PF Employee
506 ESI Employer
187 ESI Employee
1250 Medical Exempted as per IT-Reimbursement
800 Conveyance Exempted as per IT
154 Gratuity 4.80% as per Gratuity Act
266 Bonus 8.33% of Basic
1932 Other Allowances
10660
 
Is This Answer Correct ?    11 Yes 7 No
Vsharma
 
 
 
Answer
# 3
BASIC :10660*40/100=4264
hra:4264*30/100=1279
Conveyance :800 fix
PF:4264*12/100=512
ESI:Depending on gross earnings
 
Is This Answer Correct ?    0 Yes 2 No
Hareesha
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
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What is MAT?   1
What do you mean by Capital Asset?   1
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I have recived four c form for a fainancial year But c- form not in proper series For Exaple- c-form no. 1 for 1st quarter & 3 For Second Quarter 2nf For 3rd Quarter & 4 For Fourth quarter Please Tell Me Can I summit This Form in sale tax office in no Please tell me solution for that condition.   2
Wat is TDS?give full information on that topic. Infoline 9
how many salary + incentive aplicable for TDS ? Ex. 10,000 is salary and incentive is 8,000 can deduct TDS?   4
when cash recd. for services rendered in the past: 1)owner equity increase 2)current assets increase 3)profit increase 4)none of the above   2
WHAT IS THE AMOUNT LIABLE TO THE DEDUCTION OF ESIC?   4
How to calculate TDS interest for the financial year 2010-11 Cadila 1
 
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