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Recoveries Earnings: Amount Amount

This document is a full and final settlement letter for an employee, Mr. Mitesh P Jani, who resigned from his position at AXIS Bank in Chennai. It outlines the details of his employment including his earnings, recoveries to be made, and a statement of his annual income and tax deductions. The net amount payable to Mr. Jani after adjusting all earnings and recoveries is Rs. 1,845. It provides details of his provident fund contributions, medical insurance premiums paid, and other exemptions and deductions for computing his total taxable income for the period of his employment from July 2013 to February 2014.

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Vadamalai Adhimoolam
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359 views3 pages

Recoveries Earnings: Amount Amount

This document is a full and final settlement letter for an employee, Mr. Mitesh P Jani, who resigned from his position at AXIS Bank in Chennai. It outlines the details of his employment including his earnings, recoveries to be made, and a statement of his annual income and tax deductions. The net amount payable to Mr. Jani after adjusting all earnings and recoveries is Rs. 1,845. It provides details of his provident fund contributions, medical insurance premiums paid, and other exemptions and deductions for computing his total taxable income for the period of his employment from July 2013 to February 2014.

Uploaded by

Vadamalai Adhimoolam
Copyright
© Attribution Non-Commercial (BY-NC)
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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FULL AND FINAL SETTLEMENT

Name: Employee No Settlement No Date of joining Separation Type Grade PF Number Bank Name Notice Period Shortfall Days

Mr.Mitesh P Jani 794335 112651 10-Jul-2013 Resignation BPO2 MH/BAN/48475/794335 AXIS Bank-Mumbai 63.00

Branch Date of Resignation Date of Release Designation SA Number Bank Account #

Chennai 03-Jan-2014 29-Jan-2014 Senior Process Associate 794335 913010024358925

Notice Period Recovery Amt 12,180.00

Earnings
Cheque payment by Emp Leave Encashment - FFS (7 days)

Amount (INR)
1,845.00

Recoveries

Amount (INR)
12,180.00

12,180.00 Notice Pay Recovery

Total Earnings

14,025.00 Total Recoveries

12,180.00

The Cheque payment received from you has already been adjusted under 'Earnings' while calculating Net recovery/payments. This has been displayed under the Earnings section

Net Amount Payable is Rs.

1,845.00

12-Feb-2014

Negative entries displayed under heading "Earning" are Recoveries,and Negative entries displayed under heading "Recoveries" are Payments. Page 1

FULL AND FINAL SETTLEMENT Name:


Mr.Mitesh P Jani

Emp No.

794335

STATEMENT OF ANNUAL INCOME AND TDS FOR THE PERIOD : 10-Jul-2013 28-Feb-2014 TO Gross Salary Exemption U/S 10 Balance Empmnt tax (Prof Tax) Incm under Hd Salary Gross Tot Income Agg of Chapter VI Total Income 1,05,284.00 7,161.00 98,123.00 1,330.00 96,793.00 96,793.00 7,435.00 89,360.00

EXEMPTION U/S-10
Conveyance Annual Exempt Leave Salary Exemption Exemption U/S 10 5,316.00 1,845.00 7,161.00

Chapter VI details on next page...


Page 2

FULL AND FINAL SETTLEMENT Name:


Mr.Mitesh P Jani

Emp No.

794335 Deductible Amount

DEDUCTIONS UNDER CHAPTER VIA


(A) sections 80C, 80CCC and 80CCD (a) section 80C
Employeee Provident Fund (b) section 80CCC

Gross Amount

4,625.00 4,625.00 0.00 4,625.00 0.00 0.00

(c) section 80CCD 0.00

Note : 1. aggregate amount deductible under section 80C shall not exceed one lakh rupees 2. aggregate amount deductible under the three sections, i.e, 80C,80CCC and 80CCD, shall not exceed one lakh rupees (B) other sections (for e.g., 80E, 80G etc.) under Chapter VIA
Medical Insr Premium (Non-Senior Ctz) 2,810.00 2,810.00 2,810.00 7,435.00

Aggregate of deductible amount under Chapter VI-A

Page 3

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