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    Kotak Mahindra Bank LTD: Full and Final Settlement

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    vasssssssS
    1) This document provides details of the full and final settlement for employee Somashekar Gopal Chenna who resigned from Kotak Mahindra Bank on September 30, 2016 after working for 1 year and 2 months. 2) It includes details of his earnings, deductions, gratuity payment, leave encashment and income tax calculation for the financial year 2016-2017. 3) After accounting for all earnings and deductions, the net salary payable to the employee is Rs. 8,139.

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    Kotak Mahindra Bank LTD: Full and Final Settlement

    Uploaded by

    vasssssssS
    2K views2 pages
    1) This document provides details of the full and final settlement for employee Somashekar Gopal Chenna who resigned from Kotak Mahindra Bank on September 30, 2016 after working for 1 year and 2 months. 2) It includes details of his earnings, deductions, gratuity payment, leave encashment and income tax calculation for the financial year 2016-2017. 3) After accounting for all earnings and deductions, the net salary payable to the employee is Rs. 8,139.

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    Original Title

    69525

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    1) This document provides details of the full and final settlement for employee Somashekar Gopal Chenna who resigned from Kotak Mahindra Bank on September 30, 2016 after working for 1 year and 2 months. 2) It includes details of his earnings, deductions, gratuity payment, leave encashment and income tax calculation for the financial year 2016-2017. 3) After accounting for all earnings and deductions, the net salary payable to the employee is Rs. 8,139.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    2K views2 pages

    Kotak Mahindra Bank LTD: Full and Final Settlement

    Uploaded by

    vasssssssS
    1) This document provides details of the full and final settlement for employee Somashekar Gopal Chenna who resigned from Kotak Mahindra Bank on September 30, 2016 after working for 1 year and 2 months. 2) It includes details of his earnings, deductions, gratuity payment, leave encashment and income tax calculation for the financial year 2016-2017. 3) After accounting for all earnings and deductions, the net salary payable to the employee is Rs. 8,139.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    KOTAK MAHINDRA BANK LTD

    Full and final Settlement


    Employee Code 69525 Employee Name Somashekar Gopal Chenna
    Location MUMBAI Division RETAIL LIABILITIES
    Segment CONSUMER BANK Bank Account Number 563010179890
    Function RL SALES-SALES Grade M1
    Permanent Account Number ARDPC0735G Designation ASSISTANT MANAGER
    UAN Number 100591147412 PF Account Number MH/BAN/35415/69525
    Date of Joining 02 Jul 2015 Date of Leaving 30 Sep 2016
    Length of Services 1 Yrs 2 Mths Gender Male
    Date of Resign 01 Jul 2016 Group Date of Joining 02 Jul 2015
    PL Encashment Days 7 PL Closing Bal
    Notice Pay Deducted 0 Confirmation Status Confirmed
    Last Process Month September 2016 Days Worked 0
    Current LOP 0 LOP Refund/ Recovery Days 0

    Earnings Monthly Rate Current Arrears Total Deductions Total


    Month Printing And Stationery 250.00
    Basic 9230.00 0.00 0.00 0.00 Professional Tax 175.00
    House Rent 462.00 0.00 0.00 0.00
    Allowance
    Transport 1600.00 0.00 0.00 0.00
    Allowance
    Professional 7082.00 0.00 0.00 0.00
    Allowance
    Medical 1250.00 0.00 0.00 0.00
    Reimbursement
    Bonus 1400.00 0.00 0.00 0.00
    Advance 0.00 0.00 0.00 0.00
    Against LTA
    Telephone 500.00 0.00 0.00 0.00
    Reimbursement
    ExGratia 0.00 6410.00 0.00 6410.00
    Payments
    Leave 0.00 2154.00 0.00 2154.00
    Encashment
    Bonus 2015 16 0.00 0.00 0.00 0.00

    Gross Earnings 8,564.00 Total Deductions 425.00

    Net Salary : 8,139.00

    In words : Eight Thousand One Hundred Thirty Nine Only (All Amount Is In )
    EmployeeCode:-69525
    Income Tax Calculation for the financial Year 2016-2017

    Particular Cumulative Projected Current Annual Details Of Exemption U/S 10


    Basic 55082.00 0.00 0 55082 Conveyance Exemption 9548.00
    House Rent 2757.00 0.00 0 2757 Leave Encashment Exemption 2068.00
    Allowance
    Transport 9548.00 0.00 0 9548
    Allowance
    Professional 42264.00 0.00 0 42264 Investment Details
    Allowance
    Mediclaim 80D 2700.00
    Medical 0.00 0.00 0 7460
    Reimbursement PF + VPF 6611.00

    Bonus 8355.00 0.00 0 8355


    Telephone 0.00 0.00 0 2984
    Reimbursement
    ExGratia 0.00 6410 6410
    Payments
    Leave 0.00 2154 2154
    Encashment
    Bonus 2015 16 3570.00 0.00 0 3570

    Salary For The Year 140584.00

    Gross Salary 140584.00


    Less : Deduction U/S 10 11616.00
    Gross Taxable Income 128968.00
    LESS : Profession Tax 1375.00
    LESS : Deduction Under section 80C 6611.00
    LESS : Deduction US/80CCG, 80EE,80D,80DD,80DDB,80CCD 2700.00
    Net Taxable Income (Rounded Off) 118290.00

    Income Tax Deduction


    Income Tax Payable 0.00
    Surcharge 0.00
    Education Cess 0.00
    Total Income Tax & Surcharge Payable 0.00
    Esop Tax to be Recovered in this Month 0.00
    Esop Tax Already Deducted 0.00
    Less Tax Deducted at source till current month 0.00
    Less Tax Deducted by Previous Employer 0.00
    Balance Tax Payable/Refundable 0.00
    Average Tax Payable per Month 0.00

    Slip Generated on Thursday, 10 November 2016 04:10 PM

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