Question: please provide answer properly Question: 1 Marks: 5+5+5+5 The basic salary of an employee is 20,000 find the following for this salary. a) Calculate the

please provide answer properly

Question: 1 Marks: 5+5+5+5 The basic salary of an employee is 20,000 find the following for this salary. a) Calculate the allowances, if allowances are 50% of the basic salary. What is the taxable income of employee? Also find gross salary? (b) What is the cost of the company on account of leaves (18.2%), group insurance/medical (5%) and other social benefits (5.8%)? (c) What is the total saving of the employees per month on account of provident trust fund and Gratuity? (d) Define the Gross Remuneration and also find Gross Remuneration for the above salary package

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