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March Slip

The payslip for Amit Khanna, a manager at SK Hardware Store for March 2025, details a gross earning of 27,554.00 with a net salary payable of 25,640.00. The income tax calculation for the financial year 2024-2025 shows a gross taxable income of 179,850.00, with no income tax payable. The document includes various earnings components and deductions, reflecting the employee's financial details for the month.

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44 views1 page

March Slip

The payslip for Amit Khanna, a manager at SK Hardware Store for March 2025, details a gross earning of 27,554.00 with a net salary payable of 25,640.00. The income tax calculation for the financial year 2024-2025 shows a gross taxable income of 179,850.00, with no income tax payable. The document includes various earnings components and deductions, reflecting the employee's financial details for the month.

Uploaded by

SMALL Towner
Copyright
© © All Rights Reserved
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Generated on April 10 2025 12:08PM

SK HARDWARE STORE

PAYSLIP FOR THE MONTH OF MARCH - 2025

EMPLOYEE NUMBER : 1525698 BANK ACCOUNT : 589010489214048 STANDARD DAYS : 30


NAME : AMIT KHANNA PF ACCOUNT : 415589 LOP DAYS :0
DESIGNATION : MANAGER JOINING DATE : 07-JUL-2023 REFUND DAYS :0
POSTED LOCATION : JAMMU
GROUP DOJ : 07-JUL-2023

EARNINGS MONTHLY RATE CURRENT MONTH ARREARS TOTAL DEDUCTIONS TOTAL


BASIC 9,266.00 9,266.00 0.00 9,266.00 EMPLOYEE P F 1,474.00
HOUSE RENT ALLOWANCE 4,633.00 4,633.00 0.00 4,633.00 GROUP TERM LIFE 440.00
STATUTORY BONUS 1,400.00 1,400.00 0.00 1,400.00
SPECIAL ALLOWANCE 3,014.00 3,014.00 0.00 3,014.00
BONUS INCENTIVE 0.00 9,241.00 0.00 9,241.00
GROSS EARNINGS 27,554.00 GROSS DEDUCTIONS 1,914.00
NET SALARY PAYABLE 25,640.00
NET SALARY PAYABLE(IN WORDS) : TWENTY FIVE THOUSAND SIX HUNDRED FORTY ONLY

INCOME TAX CALCULATION FOR THE FINANCIAL YEAR 2024 - 2025

INCOME TAX CALCULATION


PARTICULARS CUMULATIVE ADD: PROJECTED ADD: CURRENT ANNUAL DETAILS OF PERQUISITES
(UP TOMAY 24) (FOR 9 MONTHS) (DEC 24) INVESTMENT DETAILS
BASIC 18,532.00 83,394.00 9,266.00 1,11,192.00
HOUSE RENT ALLOWANCE 9,266.00 41,697.00 4,633.00 55,596.00
SLAB WISE TAX DETAILS
STATUTORY BONUS 2,800.00 12,600.00 1,400.00 16,800.00
TAX
SPECIAL ALLOWANCE 6,028.00 27,126.00 3,014.00 36,168.00
FROM AMT TO AMT RATE TAX AMT
BONUS INCENTIVE 850.00 0.00 9,241.00 10,091.00
%
TOTAL 37,476.00 1,64,817.00 27,554.00 2,29,847.00
0.00 1,79,850.00 0.00 0.00
SALARY FOR THE YEAR 2,29,847.00
ADD : INCOME RECEIVED FROM PREVIOUS EMPLOYER SALARY 0.00 Total 0.00
GROSS INCOME 2,29,847.00 DETAIL OF TAX DEDUCTED TILL CURRENT MONTH
LESS : STANDARD DEDUCTION 50,000.00 ELEMENT
TAX AMT
ADD : OTHER TAXABLE INCOME REPORTED BY THE EMPLOYEE 0.00 DESCRIPTION
GROSS TAXABLE INCOME 1,79,847.00
Less: Deductions U/s 80CCD(1b), 80CCD(2) 0.00
INCOME CHARGEABLE TO TAX (ROUNDED OFF) 1,79,850.00
INCOME TAX DEDUCTION
TOTAL INCOME TAX PAYABLE 0.00
MARGINAL TAX TO BE RECOVERED FOR THIS MONTH 0.00
LESS TAX DEDUCTED AT SOURCE TILL CURRENT MONTH 0.00
REMAINING TAX PAYABLE/REFUNDABLE 0.00
TAX PAYABLE/REFUNDABLE PER MONTH 0.00

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