HomeTestsSearchRankProfile
easyMCQCUET Accountancy 2025 13 May Shift 22026Accountancy
1 mark

Which of the following elements is NOT used in a company's payroll calculation system?

  1. A
    Dearness Allowance (DA)
  2. B
    House Rent Allowance (HRA)
  3. C
    Provident Fund (PF)
  4. D
    Goods and Services Tax (GST)

Solution & Step-by-step Explanation

* DA (Dearness Allowance) and HRA (House Rent Allowance) are standard salary components added to gross pay.PF (Provident Fund) is a standard statutory retirement deduction from an employee's salary.GST (Goods and Services Tax) is an indirect tax levied on the supply of goods and services, and has no systemic role in human resource payroll computations.

Practice this question

Try it yourself before checking the explanation above.

Which of the following elements is NOT used in a company's payroll calculation system?
A
Dearness Allowance (DA)
B
House Rent Allowance (HRA)
C
Provident Fund (PF)
D
Goods and Services Tax (GST)

Share This Question

Computerised AccountingUsagePayroll

Related Questions

easyMCQ

Which one of the following statements is true?

easyMCQ

Which of the following statements is not correct?

easyMCQ

Which one of the following statements is correct?

easyMCQ

The product formed by the reaction of an aldehyde with a primary amine is:

easyMCQ

Which part of the tobacco plant is infected by Meloidogyne incognita?

easyMCQ

The term ecosystem was coined by:

Ready for a Full Test?

Practice with timed mock tests and track your performance across Accountancy.

Browse TestsLeaderboard

Discussion