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Salary Slip Nov

This pay slip summarizes the earnings and deductions for an employee, Rahul Rajawat, of RMC Switchgears Limited for the month of November 2020. It shows his basic pay, HRA, other earnings and deductions like ESI. It also provides his net pay of Rs. 15,701 for the month. Additionally, it includes an income tax worksheet projecting his tax liability for the financial year 2020-2021 based on proposed investments and income.

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Rahul Rajawat
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567 views1 page

Salary Slip Nov

This pay slip summarizes the earnings and deductions for an employee, Rahul Rajawat, of RMC Switchgears Limited for the month of November 2020. It shows his basic pay, HRA, other earnings and deductions like ESI. It also provides his net pay of Rs. 15,701 for the month. Additionally, it includes an income tax worksheet projecting his tax liability for the financial year 2020-2021 based on proposed investments and income.

Uploaded by

Rahul Rajawat
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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12/12/2020 122.176.45.14:476/RMC/Setup/Payroll/PrintData?

PrintType=HTML

Pay Slip for the month of November-2020


RMC SWITCHGEARS LIMITED

Employee Code : 21450446 Payable : 25.00


Days
Name : Mr. Rahul Rajawat
LWP : 5.00
Department : Quality & Assurance
PAN : CQGPR9468B
Date Of Joining : 05 Oct 2020
Bank Ac No. : CHEQUE
Tax Regime : OLD
Earnings Deduc ons
Descrip on Rate Monthly Arrear Total Descrip on Amount
Basic 15050.00 12542.00 0.00 12542.00 ESI 119.00
HRA 2679.00 2233.00 0.00 2233.00
Statutory Bonus 1254.00 1045.00 0.00 1045.00
GROSS EARNINGS 18983.00 15820.00 0.00 15820.00 GROSS DEDUCTIONS 119.00

Net Pay : 15,701.00

Net Pay in words : INR Fi een Thousand Seven Hundred One Only

Income Tax Worksheet for the Period April 2020 - March 2021(Proposed Investments)
Descrip on Gross Exempt Taxable Deduc on Under Chapter VI-A Taxable HRA Calcula on(NON-
Basic 85850.00 0.00 85850.00 Investments u/s 80C Exempted Qualifying METRO)
HRA 13932.00 0.00 13932.00 Rent Paid 0.00
Statutory Bonus 7153.00 0.00 7153.00 From 05/10/2020
To 31/03/2021
1. Actual HRA 13932.00
2. 40% or 50% of Basic 34340.00
Gross 106935.00 0.00 106935.00 Total of Investments u/s 80C 0.00 150000.00 3. Rent - 10% Basic 0.00
Deduc ons U/S 80C 0.00 150000.00 Least of above is exempt 0.00
Previous Employer Taxable Income 0.00 Total of Ded Under Chapter VI-A 0.00 150000.00 Taxable HRA 13932.00
Professional Tax 0.00
Under Chapter VI-A 0.00
Standard Deduc on 50000.00 TDS Deducted Monthly
Any Other Income 0.00 Month Amount
Taxable Income 56935.00 October-2020 0.00
Total Tax 0.00 November-2020 0.00
Marginal Relief 0.00 Tax Deducted on Perq. 0.00
Tax Rebate 0.00 Total 0.00
Surcharge 0.00
Tax Due 0.00
Educa onal Cess 0.00
Net Tax 0.00
Tax Deducted (Previous Employer) 0.00
Tax Deducted on Perq. 0.00
Tax Deducted on Any Other Income. 0.00
Tax Deducted Till Date 0.00
Tax to be Deducted 0.00
Tax/Month 0.00 Total of Any Other Income 0.00
Tax on Non-Recurring Earnings 0.00
Tax Credit Amount (87A) 0.00
Tax Deduc on for this month 0.00

..................................................... Cut Here .....................................................

Personal Note: This is a system generated payslip, does not require any signature.

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