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