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find total of allownces

basic salary 12000


house rent 5400 45%
conveyance allowances 300 2.50%
utilities allowance 300 2.50%
total amount of allownaces 6000

Question number 2

find the taxable income


Basic salary 10,000
allowances 7,000

non-taxable allowances 5000


7000-
actual amount add back to salary 5000
2000
taxable salary 12000

Question number 3

contribution to P.FUND by employee and company


Basic Salary of employee 10,000
Allowances
house rent 4500 45%
conveyance allowance 250 2.50%
utilities allowance 250 2.50%
P.fund 909.0909 0.090909
5909.091
non-taxable allowances 5000
add back to salary 909.091
total salary 10909

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