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Payroll Interview Questions

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When a company does not allow d/a so how will you calculate gratuity ?

Asked By: sachin | Asked On: Nov 12th, 2011

Answered by: PRATIMESH on: Apr 20th, 2012

Q. My question is that what is the 15 nos in given formula.

Answered by: Nitin More on: Dec 14th, 2011

If D.A. is not given then gratuity is calculated as follow :

= Last Month Basic / 26 * 15 * No. of Year Service

How do you calculate gratuity?

Asked By: Smita | Asked On: Oct 29th, 2007

Answered by: Pranali Raut on: Apr 12th, 2012

Last drawn Salary * 15 days / 26 days * no of years

Answered by: tejbhan pandey on: Mar 21st, 2012

last basic+D.A*15*no of year of service /26
more than 6 month of service is calculated as next year
less than six month of service is calculated as previous year
like: 5 year 8 month will be treated as 6 year

What are the general deductions made while doing payroll for an employee in an organization?

Asked By: norman | Asked On: Mar 30th, 2007

Answered by: Sai krishna on: Dec 14th, 2011

PF,
ESI,
PT,
Loans,
EMI

Answered by: Ammu on: Nov 18th, 2011

Travelling allowances & Canteen Charges for contract labour and if any loan like housing loan

What is the process in end to end payroll

Asked By: Jyoti | Asked On: Nov 17th, 2011

When u say you do end to end payroll.. Can you explain it in brief

What is exemption limit of gratuity

Asked By: RAJA | Asked On: Mar 25th, 2007

Answered by: Mano on: Oct 13th, 2011

The answer is 10 lacs is the maximum gratuity exemption for individuals who are eligible.

Answered by: Prachi on: Oct 9th, 2011

The tax exemption limit for Gratuity is Rs.10 Lacs in India.
Earlier the tax exemption was Rs.350000.

Regards,
Prachi

Provident fund payment

Asked By: rvengatesh | Asked On: Aug 28th, 2008

What are the rates (percentages) paid as employer's share of PF in a/c no.1, a/c no.10 & a/c no.21

Star Read Best Answer

Editorial / Best Answer

Answered by: Dinu Raj

Member Since Jan-2010 | Answered On : Jan 23rd, 2010

PF Employer contribution
12% of Basic+DA+1.61%
Out of this 12%
3.67% will go to Povident Fund (Ac No: 1)
8.33% will go to  Pension Fund ( Ac No: 10)

And
1.61% on PF contribution is Bifurcated into 3 parts

1.1%  Admin charges
0.01% Admin on EDLI
0.5% EDLI

PF Employee Contribution

12% of Basic+DA
Entair amount will deposited to PF (Ac NO: 1)
Employee can make higher contribution but he can't contribute less than employers contribution.

Answered by: Arvapally K on: Sep 10th, 2011

Provident Fund Payment from employ 2.5 and employer 2.5 on basic salary totally 5%

Answered by: Fundiswa Pikoli on: Sep 5th, 2011

11% and 4%

What are the benefits achieved by computerized payroll system?

Asked By: joel | Asked On: Mar 30th, 2007

Answered by: Puran Dangwal on: Aug 23rd, 2011

With the computerised payroll systems, You saved a lot of your time, Your accuracy and efficiency is increased by many times. Your are free from small and small human mistakes in calculation and l...

Answered by: daizy on: Aug 13th, 2011

-the user will save a lot of time w/ less effort in calculating

-efficiency and accuracy

-reduces burden of work

Provision for 13th salary

Asked By: Pantelitsa Vulovic | Asked On: May 23rd, 2011

What is the journal entry at the end of the year for the 13th salary provision

Answered by: Puran on: Aug 23rd, 2011

Hi it is right
Bonus Dr.
Bonus Payable Cr

or some companies don't pay bonus they pay it as incentive/Performance Bonus
Incentive/Performance Bonus Dr.
Incentive Payable/ Performance Bonus Payable Cr.

Regards
Puran Dangwal

Answered by: koshipthomas on: Jul 12th, 2011

cr.provision for bonus
dr.bonus
(one month salary pd as bonus)
*pls comment is it correct

How payroll works?

Asked By: nancyphilips | Asked On: Mar 30th, 2007

Answered by: PURAN on: Aug 23rd, 2011

Hi it works as under mentioned.
-the input (Attendance with new joinee,left) is received.
-On the base of the same is salary is processed and
Sent to the clients.


Regards
Puran Dangwal

Answered by: mohanparmar on: Aug 17th, 2010

An employe works his/her hours which are designated by the company, which in turn makes up your wages (Over-Time). Deductions are made accordingly and recorderd. Tax and NI are paid to HRMC, Monthly, Quarterly, End of year.

How to define payroll?

Asked By: Kapil | Asked On: Nov 16th, 2006

Answered by: sowmya on: Aug 7th, 2011

Payroll is the financial record of employee salaries , wages , bonuses , net pay and deductions.

Answered by: Cody2727 on: May 8th, 2011

It is a contract of service.  It is paying a salary and making appropriate deductions.

Verience report in payroll

Asked By: satish.singh | Asked On: Jul 8th, 2010

What do you understand by verience report in payroll?

Answered by: mohanparmar on: Aug 17th, 2010

Deductions in Tax, NI, Pensions which differ from the total.

Wage revision

Asked By: siva_rkr | Asked On: Nov 25th, 2009

What is the minimum period to revise the basic salary of employees?

Answered by: sresresrek on: Jun 7th, 2010

Wage Revisions as per wage policy every finanical year means April of the every year will revised.at the same time Basic is revised as per appointment order like we are given probation period to every...

Answered by: maurya_santosh on: Feb 26th, 2010

Basic is revised as per appointment condition under the employer.
i.e. Six months to One year as per organisation rules.

From
Santosh
 

What report are provided to accounting dept. From payroll every month? What reports are generate at end month, qtr & year end in payroll dept?

Asked By: Ye | Asked On: Nov 17th, 2006

Answered by: Shrigayathri on: Dec 16th, 2009

For making accounting entries the accounting dept will need the total transactions of the particular payroll run grouped into various expenditure/liability/Income items like salary,loans,ees pension,e...

Answered by: sathya.guru on: May 17th, 2008

Normally details about Earnings and deductions

Earning : Structure of Income
Deduction: PF, ESI, Income Tax, TDS, P Tax, Loans, Other advances if any

Gratutity calculation

Asked By: vinod.sativada | Asked On: Dec 3rd, 2010

If gratuity calculation :gratuity=last basic pay*15 days* number of year servicea person works for 41 year & 6 months in a company.Calculate the number of the service year

Answered by: prabhatpanwar on: Dec 16th, 2010

41 years and 6 months count as a 42 yeare

Who is contingent worker? Can we run payroll for a contingent worker?

Asked By: bitla | Asked On: Sep 4th, 2006

Answered by: kashiffakih on: Nov 15th, 2010

Contingent or temporary workers have little or no job security as their employment is based on a temporary
Contingent workers are not committed to the organization for a long run, as they know that they will be out of there in very short period of time

Answered by: Ye on: Nov 17th, 2006

depends on whether the contingent worker is a employee or not, can be temporary employee.

If he is, then pay them through payroll, issue W-2, otherise, pay through A/P, issue 1099 if over $600 a yr.

What is payroll card?

Asked By: nancyphilips | Asked On: Mar 30th, 2007

Answered by: mohanparmar on: Aug 17th, 2010

Payroll cards are used for clocking in/out, determins the pay, weekly/monthly/fortnight pay.

Answered by: dbmalipatil on: Mar 30th, 2008

A payroll card is a plastic card allowing an employee to access their pay by using a debit card. A payroll card can be more convenient than using a check casher, because it can be used at participatin...

What experience have you had in payroll?

Asked By: Interview Candidate | Asked On: Jul 30th, 2005

Answered by: mohanparmar on: Aug 17th, 2010

5 years in payroll, sole in charge, as well as a team member.

What is accrued-tax?

Asked By: scott | Asked On: Mar 30th, 2007

Answered by: mohanparmar on: Aug 17th, 2010

Deduction of tax to date.

Answered by: dbmalipatil on: Mar 29th, 2008

Tax accrued on the Income-To-Date or Year-To-Date (whichever applicable), but which is paid at the end of the Accounting Period

What are payroll taxes?

Asked By: norman | Asked On: Mar 30th, 2007

Answered by: yesvijay2004 on: May 27th, 2008

Income Tax
Professional Tax
Fringe Benefit Tax for Non-payroll reimbursements.

Employee salary structure

Asked By: sudhirwagh | Asked On: May 21st, 2010

Create a salary structure of an employee (i.E. Sales executive, hr executive etc.)

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