0% found this document useful (0 votes)
16 views1 page

Monica Feb

The document provides a detailed salary statement for an employee, including gross earnings of 83,682.00 and net salary payable of 73,690.00 for the current month. It also outlines the income tax calculation for the financial year 2023-2024, showing a gross taxable income of 680,065.00 and total income tax payable of 45,030.00. Additionally, it includes various deductions and exemptions applicable to the employee's income tax assessment.

Uploaded by

arvindvijay09
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
0% found this document useful (0 votes)
16 views1 page

Monica Feb

The document provides a detailed salary statement for an employee, including gross earnings of 83,682.00 and net salary payable of 73,690.00 for the current month. It also outlines the income tax calculation for the financial year 2023-2024, showing a gross taxable income of 680,065.00 and total income tax payable of 45,030.00. Additionally, it includes various deductions and exemptions applicable to the employee's income tax assessment.

Uploaded by

arvindvijay09
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

: 703278143 Gender : F : IDFC

Old Id : : Payment Mode : BANK - OTHERS


Name Grade : 5.5B :1
PAN No: : EUZPK6664M : PROJECT Standard days : 28.00
PF No. : PYKRP0045053000026 Location : HYD :
ESI No. : Days :
Office
No. 101459447229

Monthly Current
Earnings Rate Month Arrears Total Deductions Total
Basic 26716.00 26716.00 0.00 26716.00 Income Tax 7000.00
House Rent Allow. 13358.00 13358.00 0.00 13358.00 Prov Fund 3200.00
Personal Allowance 38820.00 38820.00 0.00 38820.00 Lunch 792.00
Telephone Reimbursement 1500.00 1500.00 0.00 1500.00
Vehicle Running & Maint. 1200.00 1200.00 0.00 1200.00
Lta 2088.00 2088.00 0.00 2088.00
Total Gross Earnings 83682.00 83682.00 0.00 83682.00 Gross Deductions 10992.00
Net Salary Payable 73690.00
Net Salary Payable(In Words) Seventy Three Thousand Six Hundred Ninety Only

Income Tax Calculation for the Financial Year 2023 - 2024

Income Tax Calculation Details of Exemption U/S 10


HRA EXEMPTION : 69935.00
Particulars Cummulative Add: Projected Add: Current Annual Details of Perquisites
(Upto Jul 23) (For 7 months) (Aug 23) Loan Perquisites : 0
Investment Details
Basic 85863.00 150088.00 21441.00 257589.00
HR Allowance 42983.00 75110.00 10770.00 128823.00
Personal Allowance 124100.00 216993.00 30999.00 374272.00 Provident Fund : 36073.00
Telephone Reimbursement 5143.00 0.00 1286.00 6429.00 Rent Details
Vehicle Running & Maint. 4114.00 0.00 1200.00 5143.00 Start Date End Date Amount Per
Lta 7161.00 0.00 2088.00 8949.00 Month
Variable Payout 18644.00 0.00 0.00 18644.00 01-Apr-2024 31-Mar-2025 8333.00
Total 287874.00 443191.00 67273.00 800000.00 CLA Details
SALARY FOR THE YEAR 800000.00 Start Date End Date Amount
NET TAXABLE INCOME 800000.00 Car Perk Details
Less: Deduction u/s 10 69935.00 Start Date End Date Amount
Less : Standard Deduction 50000.00 Investments declared
Add : Other Taxable Income reported by the Employee 0.00 Element Desc Amount
GROSS TAXABLE INCOME 680065.00
LESS : DEDUCTION UNDER SECTION 80C 36073.00 Slab wise Tax Details
Less: Deductions U/s 80CCD, 80CCG, 80D, 80DD, 80DDB, 80E, 80G, 80GG, From Amt To Amt Tax Rate % Tax Amt
0.00 0.00 250000.00 0.00 0.00
80U,80EE,80EEA,80EEB
INCOME CHARGABLE TO TAX (ROUNDED OFF) 643992.00 250001.00 500000.00 5.00 12500.00
500001.00 777410.00 20.00 55482.00
Income Tax Deduction Total 67982.00
Details of Tax Deducted till current month
Income Tax Payable 43298.00 Element Desc PROCESS_MONTH Tax Amt
NET INCOME TAX PAYABLE 43298.00 INCOME TAX Jul-2024 5609.00
Health And Education Cess On Income-Tax 1732.00 INCOME TAX Aug- 2024 5609.00
TOTAL INCOME TAX & S/C PAYABLE 45030.00 INCOME TAX Sep-2024 5609.00
I TAX & S/C TO BE RECOVERED 45030.00 INCOME TAX Oct-2024 5609.00
Tax on Variable Income To Be Recovered For This Month 0.00 INCOME TAX Nov-2024 5609.00
Less Tax Deducted at source till current month 31447.00 INCOME TAX Dec-2024 5609.00
Balance Tax Payable/Refundable 13583.00 TOTAL 39263.00
Average Tax Payable per Month 1940.00

You might also like