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Pay Period 01.01.2014 To 31.01.2014: Income Tax Computation

- Salary payslip for Brahma Reddy K for January 2014, working as a Software Engineer at HCL Technologies. - Earnings for the month included basic salary, HRA, conveyance allowance, city compensatory allowance, and other allowances totaling Rs. 29,100.29. - Deductions included PF contribution, professional tax, and income tax totaling Rs. 2,772. - The net pay for the month was Rs. 26,328.29.

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Sumit Chakraborty
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1K views1 page

Pay Period 01.01.2014 To 31.01.2014: Income Tax Computation

- Salary payslip for Brahma Reddy K for January 2014, working as a Software Engineer at HCL Technologies. - Earnings for the month included basic salary, HRA, conveyance allowance, city compensatory allowance, and other allowances totaling Rs. 29,100.29. - Deductions included PF contribution, professional tax, and income tax totaling Rs. 2,772. - The net pay for the month was Rs. 26,328.29.

Uploaded by

Sumit Chakraborty
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Salary Payslip for the Month of January-2014

Pay Period 01.01.2014 to 31.01.2014 HCL Technologies Limited


Brahma Reddy K
Employee ID : 51378900 Bank Name & Account No : DEUTSCHE BANK 400006743470019
Person ID : 51378900 Location (CWL) : Chennai-SEZ, SDB3 Sholinganallur 602/3
Designation : Software Engineer Department : BFSI-Banking SBU-CDU 6-DU
DOJ / Gender : 11.05.2011 / Male Band : E1
PAN No : CAMPK7066C Days worked in month : 31.00
PF No : HIL EPF Trust-HR/5572/215163 LWP Current Month : 0.00
Pension No : RPFC-HR/5572/202039 LWP Previous Month : 0.00
Standard Monthly Salary INR Earnings INR Deductions INR
Basic Salary 8,263.00 Basic Salary 8,263.00 Power of 1 Deduction 31.00
HRA 4,132.00 HRA 4,132.00 Ee PF contribution 992.00
Conveyance Allowance 2,000.00 Conveyance Allowance 2,000.00 Professional Tax 1,095.00
City Compensatory Allowan 6,500.00 City Compensatory Allowan 6,500.00 Income Tax 654.00
Holiday Allowance 3,127.00 Holiday Allowance 3,127.00
Medical Allowance 2,000.00 Medical Allowance 2,000.00
Dep Allow. / Perfom Inc 2,975.00 Dep Allow. / Perfom Inc 2,975.00
Medical Prem. Payable 103.29

Total Standard Salary 28,997.00 Gross Earnings 29,100.29 Gross Deductions 2,772.00
Net Pay 26,328.29
Income Tax Computation
Exemption U/S 10 Projected / Actual Taxable Salary Contribution under Chapter VI A Monthly Tax Deduction
HRA Annual Exemption 48,432.00 Months remaining till March 2 Provident Fund 11,628.00 April'13 85.00
Conveyance Annual Exempt 9,600.00 Taxable Income till Pr. Month 329,013.86 Voluntary PF 0.00 May'13 0.00
Current Mth Taxable income 29,100.29 Payment towards Life Insurance 33,217.00 June'13 65.00
Total 58,032.00 Projected Standard Salary 57,994.00 Policy July'13 122.00
HRA Exemption Taxable Ann Perks 0.00 Contribution to Public Provident Fund 0.00 August'13 2,955.00
Metro -HRA Rcvd / Proj 48,438.00 Annual Medical Exemption 14,918.00
* Metro - 50% of Basic 48,432.00 September'13 556.00
Gross Salary 401,190.15
Metro -Rent Paid - 10 % B 86,313.60 October'13 649.00
Exemption U/S 10 58,032.00
Least of Metro/NMetro is exempt 48,432.00 November'13 651.00
Tax on Employment (Prof. Tax) 2,190.00
Income under Head Salary 340,968.15 December'13 796.00
Interest on House Property 0.00 January'14 654.00
Gross Total Income 340,968.15 February'14 0.00
Agg of Chapter VI 44,845.00 March'14 0.00
Total Income 296,120.00
Tax on Total Income 9,612.00
Tax Credit 2,000.00
Education Cess (On Net Tax) 228.00
Tax payable 7,840.00
Tax deducted so far 6,533.00
Balance Tax 1,307.00 Total 44,845.00 Total 6,533.00
This is a computer generated payslip and does not require signature or any company seal.All one time payments like PB,taxable LTA,variable pay etc will be subject to one time tax deduction at your applicable tax slab.

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