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Explanation: As per Section 37- Where in any accounting year,— (a) an employer has paid any puja bonus or other customary bonus to employee; or (b) an employer has paid a part of the bonus payable under this Code to an employee before the date on which such bonus becomes payable, then, the employer shall be entitled to deduct the amount of bonus so paid from the amount of bonus payable by him to the employee under this Code in respect of that accounting year and the employee shall be entitled to receive only the balance.
Raman invested Rs. 70,000 in a bank offering 10% compound interest per annum for 2 years. After 2 years, he used the total amount to start a business wi...
Soni gets a SI of Rs. 3360 on a certain principal at the rate of 7%p.a. in 3 years. What CI will she get on twice the principal in two years at the same...
What is the compound interest in a sum of 7500 for 12/5 years at 20% p.a., interest compounded yearly (nearest to an integer)?
Raj invests a certain amount, which grows to Rs. 7,200 at the end of 2 years and further increases to Rs. 8,640 at the end of 3 y...
Michael has read 3/4 of a book, while Anna has read only 2/3 of the book she is reading. Both, however, have another 90 pages of their respective books...
A person borrows ₹80,000 at a rate of 10% per annum compound interest. What is the amount after 3 years?
A sum of money triples itself in 6 years when invested at a certain rate of compound interest. In how many years will it amount to twenty-seven times it...
If Rs. 5,000 is compounded at an annual interest rate of 8%, what will be the amount after 3 years?
A person invested 6,000 in a bank at compound interest compounded annually. After 3 years, the sum became 7,986. What was the rate of interest?
A man invests ₹50,000 in a scheme offering compound interest at 10% per annum, compounded annually. He withdraws ₹25,000 after 2 years. If he lets t...