Understand the pay structure of an IT company. An employee gets basic salary and allowances Travelling allowance (8%), Dearness allowance (20%), Medical (10%), Family (5%), Relocation allowance (6%). Calculate the gross salary he is getting including above mentioned allowances. Also, he is paying 13% GST (tax) for each pay@period. Can you calculate NET salary which he receives after these deductions? DESIGN: ALGORITHM AND FLOW CHART

Operations Research : Applications and Algorithms
4th Edition
ISBN:9780534380588
Author:Wayne L. Winston
Publisher:Wayne L. Winston
Chapter8: Network Models
Section8.5: Minimum-cost Network Flow Problems
Problem 8P
icon
Related questions
Question
ASSIGNMENT
Understand the pay structure of an IT company.
An employee gets basic salary and allowances
Travelling allowance (8%),
Dearness allowance (20%),
Medical (10%),
Family (5%),
Relocation allowance (6%).
Calculate the gross salary he is getting including above mentioned allowances.
Also, he is paying 13% GST (tax) for each pay period.
Can you calculate NET salary which he receives after these deductions?
DESIGN: ALGORITHM AND FLOW CHART
Transcribed Image Text:ASSIGNMENT Understand the pay structure of an IT company. An employee gets basic salary and allowances Travelling allowance (8%), Dearness allowance (20%), Medical (10%), Family (5%), Relocation allowance (6%). Calculate the gross salary he is getting including above mentioned allowances. Also, he is paying 13% GST (tax) for each pay period. Can you calculate NET salary which he receives after these deductions? DESIGN: ALGORITHM AND FLOW CHART
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Project Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, computer-science and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Operations Research : Applications and Algorithms
Operations Research : Applications and Algorithms
Computer Science
ISBN:
9780534380588
Author:
Wayne L. Winston
Publisher:
Brooks Cole