1) This payslip is for Salma Saifi, a manager at Axis Bank Ltd, for the month of April 2021.
2) Her gross earnings for the month were Rs. 61,418 and gross deductions were Rs. 2,788, resulting in a net salary payable of Rs. 58,630.
3) An income tax calculation for the financial year 2020-2021 is also provided, showing her cumulative and projected income as well as tax deductions and liability.
1) This payslip is for Salma Saifi, a manager at Axis Bank Ltd, for the month of April 2021.
2) Her gross earnings for the month were Rs. 61,418 and gross deductions were Rs. 2,788, resulting in a net salary payable of Rs. 58,630.
3) An income tax calculation for the financial year 2020-2021 is also provided, showing her cumulative and projected income as well as tax deductions and liability.
1) This payslip is for Salma Saifi, a manager at Axis Bank Ltd, for the month of April 2021.
2) Her gross earnings for the month were Rs. 61,418 and gross deductions were Rs. 2,788, resulting in a net salary payable of Rs. 58,630.
3) An income tax calculation for the financial year 2020-2021 is also provided, showing her cumulative and projected income as well as tax deductions and liability.
1) This payslip is for Salma Saifi, a manager at Axis Bank Ltd, for the month of April 2021.
2) Her gross earnings for the month were Rs. 61,418 and gross deductions were Rs. 2,788, resulting in a net salary payable of Rs. 58,630.
3) An income tax calculation for the financial year 2020-2021 is also provided, showing her cumulative and projected income as well as tax deductions and liability.
PAYSLIP FOR THE MONTH OF APRIL - 2021 EMPLOYEENUMBER : 274256 BANKACCOUNT : 50100415246084 STANDARD DAYS : 30 NAME : SALMA SAIFI PF ACCOUNT : 274256 LOP DAYS : 0 DESIGNATION : MANAGER JOINING DATE : 24-SEP-2020 REFUND DAYS : 1 POSTED LOCATION : E683:TURA
CURRENT EARNINGS MONTHLY RATE MONTH ARREARS TOTAL DEDUCTIONS TOTAL BASIC 20,825.00 20,825.00 672.00 21,497.00 PROFESSION TAX 208.00 HOUSE RENT ALLOWANCE 10,413.00 10,413.00 336.00 10,749.00 EMPLOYEE P F 2,580.00 LEAVE TRAVEL ALLOWANCE 2,083.00 2,083.00 67.00 2,150.00 SPECIAL ALLOWANCE 17,746.00 17,746.00 572.00 18,318.00 MOBILE HANDSET ALLOWANCE 3,333.00 3,333.00 108.00 3,441.00 BROADBAND INTERNET 1,000.00 1,000.00 32.00 1,032.00 CHILD EDUCATION ALLOWANCE 200.00 200.00 6.00 206.00 HOSTEL ALLOWANCE 600.00 600.00 19.00 619.00 FUEL & MAINTENANCE 2,400.00 2,400.00 77.00 2,477.00 DRIVER SALARY 900.00 900.00 29.00 929.00 TOTAL GROSS EARNINGS 61,418.00 GROSS DEDUCTIONS 2,788.00 NET SALARY PAYABLE 58,630.00 NET SALARY PAYABLE(IN WORDS) FIFTY EIGHT THOUSAND SIX HUNDRED THIRTY ONLY
INCOME TAX CALCULATION FOR THE FINANCIAL YEAR 2020 - 2021
INCOME TAX CALCULATION DETAILS OF EXEMPTION U/S 10
DETAILS OF PERQUISITES PARTICULARS CUMULATIVE ADD: PROJECTED ADD: CURRENT ANNUAL INVESTMENT DETAILS (UP TO MAR 21) (FOR 4 MONTHS) (APR 21) ENHANCE GROUP TERM LIFE : 1,031.00 BASIC 25,012.00 83,300.00 21,497.00 1,29,809.00 EMPLOYEE P F : 15,577.00 HOUSE RENT ALLOWANCE 12,507.00 41,652.00 10,749.00 64,908.00 GROUP TERM LIFE : 1,344.00 LEAVE TRAVEL ALLOWANCE 2,502.00 8,332.00 2,150.00 12,984.00 RENT DETAILS SPECIAL ALLOWANCE 21,315.00 70,984.00 18,318.00 1,10,617.00 START DATE END DATE AMOUNT MOBILE HANDSET ALLOWANCE 4,003.00 13,332.00 3,441.00 20,776.00 BROADBAND INTERNET 1,201.00 4,000.00 1,032.00 6,233.00 SLAB WISE TAX DETAILS CHILD EDUCATION ALLOWANCE 241.00 800.00 206.00 1,247.00 FROM AMT TO AMT TAX RATE % TAX AMT HOSTEL ALLOWANCE 721.00 2,400.00 619.00 3,740.00 0.00 2,50,000.00 0.00 0.00 FUEL & MAINTENANCE 2,883.00 9,600.00 2,477.00 14,960.00 2,50,001.00 3,01,690.00 5.00 2,585.00 DRIVER SALARY 1,081.00 3,600.00 929.00 5,610.00 Total 2,585.00 TOTAL 71,466.00 2,38,000.00 61,418.00 3,70,884.00 DETAILS OF TAX DEDUCTED TILL CURRENT MONTH SALARY FOR THE YEAR 3,70,884.00 ELEMENT DESCRIPTION TAX AMT ADD : INCOME RECEIVED FROM PREVIOUS EMPLOYER SALARY 0.00 GROSS INCOME 3,70,884.00 LESS : STANDARD DEDUCTION 50,000.00 LESS : PROFESSION TAX RECOVERED BY CURRENT EMPLOYER 1,248.00 ADD : OTHER TAXABLE INCOME REPORTED BY THE EMPLOYEE 0.00 GROSS TAXABLE INCOME 3,19,636.00 LESS : DEDUCTION UNDER SECTION 80C 17,952.00 LESS: DEDUCTIONS U/S 0.00 80CCD,80CCD(1b),80CCG,80D,80DD,80DDB,80E,80G,80GG,80U,80EE,80EEA,80EEB INCOME CHARGEABLE TO TAX (ROUNDED OFF) 3,01,690.00
INCOME TAX DEDUCTION
INCOME TAX PAYABLE 2,585.00
LESS : REBATE UNDER SECTION 87A 2,585.00 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
LEAVE DETAILS
LOP REFUND DETAILS
EMP NO EMP NAME LOP TYPE FROM DATE TO DATE 274256 SALMA SAIFI UNAUTHORIZED LOP 14-MAR-2021 14-MAR-2021
