Question

Write a program to enter the Basic Pay of an employee and find out the salary of that person with the given formula:
Durance Allowance = 5% of salary
Medical Allowance = 15% of salary
Total salary = Durance allowance + Medical allowance + Basic Pay​

Answer 1

Explanation:

Basic salary is the base income of an individual. Basic salary is the amount paid to employees before any reductions or increases due to overtime or bonus, allowances (internet usage for those who work from home or communication allowance). Basic salary is a fixed amount paid to employees by their employers in return for the work performed or performance of professional duties by the former. Base salary, therefore, does not include bonuses, benefits or any other compensation from employers. As the name suggests, basic salary is the core of the salary of an employee. It is a fixed part of the compensation structure of an employee and generally depends on her or her designation. If the appointment of an employee is made on a pay scale, the basic salary may increase every year. Else, it remains fixed.