ALI Ltd. Is a software company. The salary package of the Company for its employee is as under Basic Pay Rs. 20,000 per month Dearness Allowance Rs. 15,000 per month Fringe Rs. 10,000 per month Number of working days in a year are 300. 30 Days full pay and 20 days half pay leave in a year is a vailed and allowed to each employee. An employee has to work for 8 hours in a day. The company has to quote for an assignment on hourly rate basis. What labor hour rate should be considered on the basis of above data?