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Deccan Chronicle Holdings Limited No. 5th Floor, B.M.T.C Commercial Comples, 80ft Road, Koramangala. Benguluru - 560 095

P Ravi Kumar's payslip for October 2018 is summarized as follows: 1) Ravi Kumar earned a total of Rs. 37,103.39 in gross earnings which included a basic pay of Rs. 16,611, variable dearness allowance of Rs. 11,936.05, and house rent allowance of Rs. 2,242.49. 2) Total deductions of Rs. 3,626 were made which included professional tax of Rs. 200 and employees' provident fund of Rs. 3,426. 3) Ravi Kumar's net salary for October 2018 was Rs. 33,477.39.

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314 views1 page

Deccan Chronicle Holdings Limited No. 5th Floor, B.M.T.C Commercial Comples, 80ft Road, Koramangala. Benguluru - 560 095

P Ravi Kumar's payslip for October 2018 is summarized as follows: 1) Ravi Kumar earned a total of Rs. 37,103.39 in gross earnings which included a basic pay of Rs. 16,611, variable dearness allowance of Rs. 11,936.05, and house rent allowance of Rs. 2,242.49. 2) Total deductions of Rs. 3,626 were made which included professional tax of Rs. 200 and employees' provident fund of Rs. 3,426. 3) Ravi Kumar's net salary for October 2018 was Rs. 33,477.39.

Uploaded by

David Pen
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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DECCAN CHRONICLE HOLDINGS LIMITED

No. 5th Floor, B.M.T.C Commercial Comples, 80ft Road,Koramangala. Benguluru - 560 095
BENGALURU Payslip for the Month of October2018
Emp id BDC0706 PF No AP/176/1358 UAN No 100262394801
Name P RAVI KUMAR Bank A/c No 000201647543 Paid Days 31
Desig JR ELECTRONICS ENGR PAN No ARMPP1537C Lop Days 0

Earnings BASIC PAY 16,611.00 Deductions


Earn Desc Amount Deduction Desc Amount
BASIC PAY - WAGES 16,611.00 PROFESSIONAL TAX 200.00
VARIABLE DEARNESS ALLOWANCE 11,936.05 EMPLOYEES PROVIDENT FUND 3,426.00
HOUSE RENT ALLOWANCE 2,242.49
MEDICAL EXPENSES 500.00
VARIABLE PAY 5,813.85

Gross Earnings 37,103.39 Gross Deductions 3,626.00

Net Salary 33,477.39

Income Tax Calculations Income Tax Deduction

Particulars Cumulative Add(Rs) Less(Rs) Annual(Rs) Income Tax Payable 0.00

Basic Pay 1,16,277.00 83,055.00 0.00 1,99,332.00


Add : Surcharge on Income Tax 0.00
VDA 81,761.95 59,680.25 0.00 1,41,442.20

HRA 15,697.43 11,212.45 26,620.52 289.36 Add : Health and Education Cess 0.00

Medical 3,500.00 2,500.00 0.00 6,000.00

Conveyance 0.00 0.00 0.00 0.00 Total IT & S/C & Cess Payable 0.00

Special Allw 0.00 0.00 0.00 0.00

40,696.95 29,069.25 0.00 69,766.20 Less : I.Tax paid by Prev.Employer 0.00


Other Earnings
Exgra/SPW/LTC 0.00 0.00 0.00 0.00 I.Tax Recovered till Oct-2018 0.00
Excess Paid Sal. 0.00 0.00 0.00 0.00
Balance I.Tax to be recovered 0.00
Total Income 4,16,829.76

Add : Income receive from Previous Employer 0.00 Avg. Monthly I.Tax to be recovered 0.00

Net Taxable Income 4,16,829.76

40,000.00 Savings Details


Less : Standard Deduction
Less : Prof.Tax recovered by Previous Employer 0.00 LICP/LIC Premium 60,000.00

Less : Prof. Tax recovered by current Employer 2,400.00 0.00


NSC
Gross Taxable Income 3,74,429.76 Principal on Housing Loan 0.00

0.00 EPF 40,636.00


Less : Loss under income from House Property (Sec 24)
Less : Deduction U/s 80DD/80DDB 0.00 0.00
PPF
Less :Deduction U/s 80D 3,000.00 0.00
Children Education Fee
Less : Deduction U/s 80E/80U/80CCD 0.00
BONDS 0.00
Less : SEC 80C/80CCC Total 1,00,636.00
Others 0.00
Less : SEC 80G 0.00
Less : SEC 80E 0.00
1,00,636.00
Less : SEC 80CCF 0.00 Total Savings
Income Chargeable to Tax (Rounded Off) 2,70,793.76 Note: Savings Considered U/S 80C/80CC Up to Rs 1,50,000.00

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