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PaySlip Dec

Karan Kumar Sharma received a pay slip for December 2023 from Aakash Educational Services Ltd. His gross pay was Rs. 290,755 and net pay was Rs. 217,244 after deductions of Rs. 73,511 which included income tax of Rs. 44,435. An income tax worksheet was also included showing his projected tax liability for the financial year April 2023 to March 2024.

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280 views

PaySlip Dec

Karan Kumar Sharma received a pay slip for December 2023 from Aakash Educational Services Ltd. His gross pay was Rs. 290,755 and net pay was Rs. 217,244 after deductions of Rs. 73,511 which included income tax of Rs. 44,435. An income tax worksheet was also included showing his projected tax liability for the financial year April 2023 to March 2024.

Uploaded by

karansharma690
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Aakash Educational Services Limited

Aakash Tower,08 Pusa Road, New Delhi - 110005

PaySlip for the month of December 2023


Emp Code F14298 Month Day 31.00 Location Delhi - Punjabi Bagh
Name Karan Kumar Sharma LOP 0.00 Payment Mode ICICI Bank Ltd
Designation Assistant Professor Bank A/c No. 401901501762
Department Engineering LOPR 0.00 PAN ERQPS3264F
Faculty Payable Days 31.00
Role PF No.
DOJ 10/04/2023 PFUAN.
Earnings Deductions
Description Rate Monthly Arrear Total Description Amount
Basic Salary 149,105 149,105 149,105 Sincerity Fund 29,075
HRA 74,553 74,553 74,553 Income Tax 44,435
Special Allow 67,097 67,097 67,097 LWF 1

Gross Pay 290,755 290,755 Gross Deduction 73,511

Net Pay 217244


Income Tax Worksheet for the Period April 2023 - March 2024
Description Gross Exempt Taxable Deduction Under Chapter VI-A
Basic Salary 1,744,529 1,744,529 Investments u/s 80C
HRA 872,264 527,547 344,717 ELSS 150,000
Special Allow 785,040 785,040

Tax Deducted Details


Month Amount
April 2023 44,205.00
May 2023 44,430.00
June 2023 44,435.00
July 2023 44,435.00
August 2023 44,435.00
September 2023 44,230.00
October 2023 44,435.00
November 2023 44,435.00
Gross Salary 3,401,833 527,547 2,874,286 Total of Investment u/s 80C 150,000 December 2023 44,435.00
Deduction U/S 80C 150,000 Total 399,475.00
Previous Employer Professional Tax 0.00 80DD (80%) 50,000
Professional Tax DEDU_80PSS 50,000
Standard Deduction 50,000.00 80DDB (SC) 100,000
Under Chapter VI-A 350,000
Any Other Income 0.00
Taxable Income 2,474,286
Total Tax 554,785
Tax Rebate
Surcharge
Tax Due 554,785
Educational Cess 22,191
Net Tax 532,593
Tax Deducted (Previous Employer)
Tax Deducted Till Date 355,040
Tax to be Deducted 177,553 Total of Ded Under Chapter VI-A 350,000
Tax / Month 44,435
Tax on Non-Recurring Earnings Interest on Housing Loan

Tax Deduction for this month 44,435


HRA Calculation

From To Rent Paid Actual HRA 40/50% of Basic Rent - 10% of Basic Exempt HRA
10/04/2023 31/03/2024 702,000 872,264 872,260 527,547 527,547
Total 702,000 872,264 872,260 527,547 527,547

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