Quiz on Payroll

PF is calculated on?

• Basic
• Basic & HRA
• Basic & DA
• Basic, DA & HRA

What is gross earnings limit for ESI calculation

• 10,000
• 21,000
• 15,000
• 20,000

Form 10 is used for:

• EPS
• Nps
• ESI
• None of These

Form 16 is used for

• PF challan
• `TDS Challan
• TDS certificate
• ESI Challan

ITR1 is used for?

• Business Income Return Filing
• Income Tax Challan
• Return for Salary
• Return for Agriculture

Overtime calculation is based on

• Attendance
• Leave without pay
• Production
• All of these

ESI Calculation is based on

• Basic Salary
• Basic+DA
• Gross Salary
• Net Salary

PF Calculation is based on

• Basic
• Basic+DA
• Net Income
• Gross Income

Sec 80D is related with:

• Income Tax
• ESI
• Gratuity
• NPS

Attendance Type ‘Absent’ with ‘Leave without pay’ is created ____________

• To deduct Loss of Pay (LOP) for Employees
• To record Casual Leave for Employees
• To record absent with pay for Employees
• To record Medical Leave for Employees