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    Better PVT - LTD.: Gujrat 390009

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    Sumant Ardak
    Pankaj Pandit Mohod's payslip for January 2023 from Better Pvt. Ltd. is summarized as follows: Pankaj earned a total of Rs. 56,000 in January with deductions of Rs. 4,010 resulting in a net pay of Rs. 51,990. The payslip also included details of Pankaj's income tax calculations showing taxable income of Rs. 187,164 and total tax payable as Rs. 0.

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    Better PVT - LTD.: Gujrat 390009

    Uploaded by

    Sumant Ardak
    47 views3 pages
    Pankaj Pandit Mohod's payslip for January 2023 from Better Pvt. Ltd. is summarized as follows: Pankaj earned a total of Rs. 56,000 in January with deductions of Rs. 4,010 resulting in a net pay of Rs. 51,990. The payslip also included details of Pankaj's income tax calculations showing taxable income of Rs. 187,164 and total tax payable as Rs. 0.

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    Salary slip

    Original Title

    535736512_01012023_072227

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    Pankaj Pandit Mohod's payslip for January 2023 from Better Pvt. Ltd. is summarized as follows: Pankaj earned a total of Rs. 56,000 in January with deductions of Rs. 4,010 resulting in a net pay of Rs. 51,990. The payslip also included details of Pankaj's income tax calculations showing taxable income of Rs. 187,164 and total tax payable as Rs. 0.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    47 views3 pages

    Better PVT - LTD.: Gujrat 390009

    Uploaded by

    Sumant Ardak
    Pankaj Pandit Mohod's payslip for January 2023 from Better Pvt. Ltd. is summarized as follows: Pankaj earned a total of Rs. 56,000 in January with deductions of Rs. 4,010 resulting in a net pay of Rs. 51,990. The payslip also included details of Pankaj's income tax calculations showing taxable income of Rs. 187,164 and total tax payable as Rs. 0.

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    Better Pvt.Ltd.

    Gujrat 390009
    PAYSLIP FOR THE MONTH OF JANUARY 2023

    EMPLOYEE CODE 12909086 PAN FONPM5534R


    NAME PANKAJ PANDIT MOHOD EPF NO. 101877742789
    DATE OF JOINING 01-JAN-2022 MONTH DAYS 30
    30
    BANK BANK OF BARODA PAID DAYS
    BANK A/C. NO. 94450100003872
    LOCATION GORWA
    DEPARTMENT ASS.MANAGER
    DESIGNATION
    EARNINGS
    DEDUCTIONS

    DESCRIPTION ACTUAL EARNED YTD DESCRIPTION DEDUCTION YTD


    BASIC SALARY 30,000.0 30,000.0 360,000.00 LABOUR WELFARE FUND 10.00 40.00
    HRA 8000.00 8000.00 96,000.00 PF 4000 40000
    SPECIAL ALLOWANCE 15,000.0 15,000.0 180,000.00
    TELEPHONE AND INTERNET 3000.00 3000.00 36,000.00

    TOTAL EARNINGS 56,000.00 TOTAL DEDUCTIONS 4010.00


    NET PAY 51,990.00 ( FIFTY ONE THOUSHAND NINE HUNDRED NINITY ONLY )

    Note :- electronically generated Salary Slip hence does not require any signature.
    Better Pvt.Ltd.
    Gorwa 390009

    INCOME TAX WORKSHEET FROM 01-JAN-2022 TO 01-JAN-2023

    CODE 12909086 PAN FONPM5534R


    NAME PANKAJ PANDIT MOHOD DATE OF JOINING 01/Jan/2022

    EARNINGS OTHER DETAILS & CALCULATIONS

    DESCRIPTION GROSS EXEMPT TAXABLE HRA CALCULATION


    BASIC SALARY 30,000.0 30,000.0 360,000.00
    HRA 8000.00 8000.00 96,000.00 REFER DETAILED CALCULATION ON NEXT PAGE
    SPECIAL ALLOWANCE 15,000.0 15,000.0 180,000.00
    TELEPHONE AND INTERNET 3000.00 3000.00 36,000.00
    GROSS SALARY 623,880.00
    DEDUCTIONS UNDER SECTION 16
    LESS :
    STANDARD DEDUCTION 40,000.00
    TAXABLE GROSS SALARY 187,164.00

    ADD : -

    LESS :

    DEDUCTIONS UNDER CHAPTER VI A

    SECTION 80C , 80CCC AND 80CCD INVESTMENT BENEFIT


    LIFE INSURANCE PREMIUM 150,000.00
    TOTAL OF INVESTMENT U/S 80C 150,000.00 150,000.00
    OTHER SECTIONS UNDER CHAPTER VI A

    TOTAL DEDUCTIONS UNDER CHAPTER VI A 150,000.00


    TAXABLE INCOME
    187,164.00
    TAX RATE FOR THIS MONTH 0.00
    INCOME TAX LIABILITY (refer detailed tax calculation below) 0.00
    NET TAX 0.00
    HEALTH AND EDUCATION CESS 0.00
    TOTAL TAX PAYABLE 0.00
    TAX TO BE DEDUCTED 0.00
    OTHER THAN ONE TIME 0.00
    TAX FOR THIS MONTH 0.00
    AVERAGE TAX PER MONTH 0.00

    Note :- electronically generated Salary Slip hence does not require any signature.
    HRA CALCULATION

    FROM TO RENT PAID ACTUAL BASIC ACTUAL HRA % OF BASIC RENT PAID- 10% OF BASIC EXEMPT HRA TAXABLE HRA

    2-Dec-20XX 31-Mar-2019 30000.00 360,000.00 140,88.00 42837.00 (40 % OF 107093.00 ) 149200.00 640000.00 38630.00

    EXEMPT HRA 51,990.00

    SLAB WISE TAX CALCULATION

    INCOME RANGE FROM INCOME RANGE TAXABLE INCOME TAX RATE TAX
    623,880.00 187,164.00
    0.00 0.00 0.00

    TOTAL TAX 0.00

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