Question

a company wants to give its employee a benefit on salary the company decides to give Rs.50,000 and all the employees together salary is 10,00,000.What will be the percentage each employee will get from benefit?
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Answer 1

Step-by-step explanation:

Gross salary, variable, CTC, total deduction and net pay.

Gross Pay is total pay prior to deduction and taxation.

Basic Salary (40% of CTC) (Full amount is taxable)

DA (20 % of basic salary) (Depends on company policy. ...

HRA (50% of basic) (Applicable if living in a rented house)

Answer 2

the percentage each employee will get from benefit is 5%

Step-by-step explanation:

10,00,000 * x/ 100 = 50,000

10,000 * x = 50,000

x = 50,000/10,000

by cancelling zeros

x = 5