The payslip summarizes the earnings, deductions, and tax details for employee Rishabh Goel for the month of December 2023 at Axis Bank Ltd. The key details are:
- Gross earnings for the month were Rs. 17,256 including basic pay of Rs. 7,500, HRA of Rs. 3,750, and other allowances.
- Provident fund deduction was Rs. 1,417 resulting in a net salary payable of Rs. 15,839.
- Income tax calculation for the financial year shows a gross taxable income of Rs. 1,10,711 and no tax payable as income is below the threshold limit.
The payslip summarizes the earnings, deductions, and tax details for employee Rishabh Goel for the month of December 2023 at Axis Bank Ltd. The key details are:
- Gross earnings for the month were Rs. 17,256 including basic pay of Rs. 7,500, HRA of Rs. 3,750, and other allowances.
- Provident fund deduction was Rs. 1,417 resulting in a net salary payable of Rs. 15,839.
- Income tax calculation for the financial year shows a gross taxable income of Rs. 1,10,711 and no tax payable as income is below the threshold limit.
The payslip summarizes the earnings, deductions, and tax details for employee Rishabh Goel for the month of December 2023 at Axis Bank Ltd. The key details are:
- Gross earnings for the month were Rs. 17,256 including basic pay of Rs. 7,500, HRA of Rs. 3,750, and other allowances.
- Provident fund deduction was Rs. 1,417 resulting in a net salary payable of Rs. 15,839.
- Income tax calculation for the financial year shows a gross taxable income of Rs. 1,10,711 and no tax payable as income is below the threshold limit.
EMPLOYEE NUMBER : 417540 BANK ACCOUNT : 923010038845740 STANDARD DAYS : 31 NAME : RISHABH GOEL PF ACCOUNT : 417540 LOP DAYS :0 DESIGNATION : OFFICER SALES I JOINING DATE : 21-JUL-2023 REFUND DAYS :0 POSTED LOCATION : N2388:ADHOYA HINDWAN GROUP DOJ : 21-JUL-2023
EARNINGS MONTHLY RATE CURRENT MONTH ARREARS TOTAL DEDUCTIONS TOTAL
BASIC 7,500.00 7,500.00 0.00 7,500.00 EMPLOYEE P F 1,417.00 HOUSE RENT ALLOWANCE 3,750.00 3,750.00 0.00 3,750.00 STATUTORY BONUS 1,400.00 1,400.00 0.00 1,400.00 SPECIAL ALLOWANCE 4,306.00 4,306.00 0.00 4,306.00 BONUS INCENTIVE 0.00 300.00 0.00 300.00 GROSS EARNINGS 17,256.00 GROSS DEDUCTIONS 1,417.00 NET SALARY PAYABLE 15,839.00 NET SALARY PAYABLE(IN WORDS) : FIFTEEN THOUSAND EIGHT HUNDRED THIRTY NINE ONLY
INCOME TAX CALCULATION FOR THE FINANCIAL YEAR 2023 - 2024
INCOME TAX CALCULATION
PARTICULARS CUMULATIVE ADD: PROJECTED ADD: CURRENT ANNUAL DETAILS OF PERQUISITES (UP TONOV 23) (FOR 3 MONTHS) (DEC 23) INVESTMENT DETAILS BASIC 32,661.00 22,500.00 7,500.00 62,661.00 HOUSE RENT ALLOWANCE 16,331.00 11,250.00 3,750.00 31,331.00 SLAB WISE TAX DETAILS STATUTORY BONUS 6,097.00 4,200.00 1,400.00 11,697.00 TAX SPECIAL ALLOWANCE 18,752.00 12,918.00 4,306.00 35,976.00 FROM AMT TO AMT RATE TAX AMT BONUS INCENTIVE 18,746.00 0.00 300.00 19,046.00 % TOTAL 92,587.00 50,868.00 17,256.00 1,60,711.00 0.00 1,10,720.00 0.00 0.00 SALARY FOR THE YEAR 1,60,711.00 ADD : INCOME RECEIVED FROM PREVIOUS EMPLOYER SALARY 0.00 Total 0.00 GROSS INCOME 1,60,711.00 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 1,10,711.00 Less: Deductions U/s 80CCD(1b), 80CCD(2) 0.00 INCOME CHARGEABLE TO TAX (ROUNDED OFF) 1,10,720.00 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
Botros, Kamal Kamel - Mohitpour, Mo - Van Hardeveld, Thomas - Pipeline Pumping and Compression Systems - A Practical Approach (2013, ASME Press) - Libgen - lc-1