Quiz-1 (Payroll)

Net Salary is calculated on below basis?

• Total Earning -Total Deduction
• Total Earning - Gross Salary
• Gross Salary - Employeer Contribution
• Total Earning +Total Deduction

Payroll management defines in which types of formats?

• Employee's Earning & Employee's Deductions
• Employee's Earning & Employee's Non Statuary Deductions
• Employee's Earning, Employee's Deductions & Employer's Contribution
• Net Salary

Employee's Deduction and Employer's Contribution for Provident Fund (PF) is counted in which statutory type of account no.?

• Account no. 10
• Account no. 1
• Both of these
• None of these

What is the computed slab for those employee's whom basic salary is more than 15,000?

• 12% of Basic Salary
• 1800 of Basic Salary
• 1249.50 of Basic Salary
• 15.67% of Basic Salary

What is the Tax Rate of Health and Education Cess on TDS on Salary?

• 0.04
• 0.03
• 0.02
• 0

What is the eligible amount limit to avail Employee State Insurance Scheme (ESI)?

• Gross Salary < 21,000
• Gross Salayy > 21,000
• Net Salary < 21,000
• Net Salary > 21,000

Attendence type Absent 'with leave without pay' is crated to _______________

• Deduct Loss of Pay (LOP) for Employee
• Record Casual leave for Employee
• Record Absent with pay for Employee
• Record madical leave for Employee

Employer's Contribution for EPS (Employee Pension Scheme) is __________

• 3.67% on Basic Salary
• 8.33% on basic Salary
• Difference between employee's Deduction to PF and Employer's Contribution to PF
• 12% of Basic Salay

Payment Advice is printed of sent for ___________

• Gross Salary disbursal instruction to bank
• To see total people cost of company
• Net Salary disbursal instruction to bank
• To pay TDS is deducted from Employee

'Payment Advice' is printed or sent for ___________

• Gross Salary disbursal instruction to bank

• To see total people cost of company

• Net Salary disbursal instruction to bank

• To pay TDS is deducted from Employee