Answer:
To determine the yearly bonus for an employee with a basic salary of Rs. 10,500 given that the company's total transactions amount to Rs. 40,000,000 in a fiscal year and the bonus is distributed based on the salary scale, we'll follow these steps:
1. **Identify the total transactions**:
- The total transactions in a fiscal year are Rs. 40,000,000.
2. **Determine the employee's basic salary**:
- The employee's basic salary is Rs. 10,500 per month.
3. **Check the salary range and corresponding bonus percentage**:
- Based on the given salary ranges and the corresponding bonus percentages, we need to find the appropriate range for a salary of Rs. 10,500:
- Rs. 4,000 - Rs. 6,000: 0.10%
- Rs. 6,000 - Rs. 8,000: 0.08%
- Rs. 8,000 - Rs. 11,000: 0.06%
- Since Rs. 10,500 falls within the range of Rs. 8,000 - Rs. 11,000, the bonus percentage applicable is 0.06%.
4. **Calculate the yearly bonus**:
- We use the total transactions and the bonus percentage to find the yearly bonus:
- Yearly bonus = Total transactions * Bonus percentage
- Yearly bonus = Rs. 40,000,000 * 0.0006
5. **Compute the final result**:
- Yearly bonus = Rs. 40,000,000 * 0.0006
- Yearly bonus = Rs. 24,000
Therefore, the yearly bonus received by the employee with the basic salary of Rs. 10,500 is approximately Rs. 24,000.
