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This document is a salary slip for Rathish Gandhi for the month of June 2019. It shows his earnings of 54,307 INR which includes his basic salary of 17,300 INR and allowances. It also shows deductions of 4,514 INR which includes PF contribution of 2,208 INR and income tax of 1,606 INR. The net pay is shown as 49,793 INR. The second page projects Rathish's annual taxable income and tax payable based on his year-to-date earnings. It estimates his gross taxable income as 538,618 INR and tax payable as 16,056 INR after considering deductions under sections 80C, 80CCD, etc. of
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100% found this document useful (2 votes)
750 views2 pages

Ydry

This document is a salary slip for Rathish Gandhi for the month of June 2019. It shows his earnings of 54,307 INR which includes his basic salary of 17,300 INR and allowances. It also shows deductions of 4,514 INR which includes PF contribution of 2,208 INR and income tax of 1,606 INR. The net pay is shown as 49,793 INR. The second page projects Rathish's annual taxable income and tax payable based on his year-to-date earnings. It estimates his gross taxable income as 538,618 INR and tax payable as 16,056 INR after considering deductions under sections 80C, 80CCD, etc. of
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
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Infosys Limited, Bangalore Salary Slip for the month of June 2019

Name : Rathish Gandhi


Designation : Senior Designer – Experience Design

Employee No 1048745 PF No PY/BOM/10088/419717 Total Payable


India Overseas LOP Secondment
Work days
Location MCity , Chennai UAN 101354071197
Personal Level 3 Bank A/C No 057301513972 30.00 30.00 0.00 0.00 0.00

(Amount in ₹)
Earnings Deductions
Particulars Current Period Year to Date Particulars Current Period Year to Date
Basic Salary 17,300.00 31,810.00 PF Contribution 2,208.00 4,060.00
Fixed Dearness Allowance 1,100.00 2,023.00 Income Tax 1,606.00 1,606.00
House Rent Allowance 12,964.00 23,837.00 Infosys Welfare Trust 250.00 750.00
Medical Allowance 8,103.00 14,899.00 Transport Deduction 450.00 770.00
Transport Allowance 3,241.00 5,959.00
Leave Travel Allowance 8,103.00 14,899.00
BonusExgratia-AdvancePmt 3,496.00 6,428.00

Total 54,307.00 99,855.00 Total 4,514.00 7,186.00


Net Pay 49,793.00 92,669.00
EPS No.PY/BOM/10088/1882481

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Infosys Limited, Bangalore Projected Annual Tax Statement - June 2019
Name : Rathish Gandhi
Designation : Senior Designer – Experience Design
(Amount in ₹)
Projected Annual Taxable Income Details of Tax Benefits
Particulars Year to Date Projected Amount Deductions u/s 16 Maximum Considered
Gross Salary 99,855.00 588,618.00 Standard Deduction 50,000.00 50,000.00
Gross Total Salary 588,618.00 Professional tax 0.00
Deductions 50,000.00 Total 50,000.00
Income under the head Salaries 538,618.00
Exemptions u/s 10 Considered
Gross Taxable Income 538,618.00
HRA Exemption 0.00
Chapter VI-A Deductions 23,932.00
LTA Exemption 0.00
Total Taxable Income 514,690.00
CEA Exemption 0.00
Tax Payable(on projection basis) 16,056.00
CHA Exemption 0.00
TDS till date 1,606.00
Transport Exemption 0.00
Tax to be deducted/(Refund) 14,450.00
Total 0.00

Chapter VI-A Deductions Maximum Considered


80C, 80CCC Deductions 150,000.00 23,932.00
[PF, VPF, PPF, LIC, Tuition Fees, Tax Saving
MF, Tax Saving FDs, SSY, Housing Loan
Principal etc]
80D HIP for self, Spouse, Children 25,000.00 0.00
80D HIP for Parents 50,000.00 0.00
[INR 25000 in case of Non senior Citizen]
80CCD (1B) NPS self contribution 50,000.00 0.00
80CCD (2) NPS Employer Contribution 10% of Basic+DA 0.00
80E Interest on higher education Loan NA 0.00
80U Person with disability 125,000.00 0.00
[40% INR 75000, 80% INR 125000]
80DD Person with disability dependent 125,000.00 0.00
[40% INR 75000, 80% INR 125000]
80DDB Treatment of Specified disease self/ 100,000.00 0.00
dependent
[INR 40000 in case of Non senior Citizen]
80TTA interest on savings bank account & NA 0.00
others
Total 23,932.00

Tax on all one time components is deducted on the actual payout at the highest tax slab rate applicable for your taxable income. Applicable Slab rate is determined as per Last month's taxable Income +
Current month additional/one time Payout.
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