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    May 2019 PDF

    Uploaded by

    Vinodhkumar Shanmugam
    Rathish Gandhi received a salary slip for May 2019 from Infosys Limited in Chennai. As a Senior Designer, his earnings for the month included a basic salary of Rs. 14,510 along with other allowances totaling Rs. 45,548. Provident fund and other deductions amounted to Rs. 2,672, leaving a net pay of Rs. 42,876. A projected annual tax statement estimated his annual taxable income at Rs. 427,094 after deductions, with no tax to be deducted or refunded.

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    May 2019 PDF

    Uploaded by

    Vinodhkumar Shanmugam
    322 views2 pages
    Rathish Gandhi received a salary slip for May 2019 from Infosys Limited in Chennai. As a Senior Designer, his earnings for the month included a basic salary of Rs. 14,510 along with other allowances totaling Rs. 45,548. Provident fund and other deductions amounted to Rs. 2,672, leaving a net pay of Rs. 42,876. A projected annual tax statement estimated his annual taxable income at Rs. 427,094 after deductions, with no tax to be deducted or refunded.

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    1048745_MAY_2019.pdf

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    Rathish Gandhi received a salary slip for May 2019 from Infosys Limited in Chennai. As a Senior Designer, his earnings for the month included a basic salary of Rs. 14,510 along with other allowances totaling Rs. 45,548. Provident fund and other deductions amounted to Rs. 2,672, leaving a net pay of Rs. 42,876. A projected annual tax statement estimated his annual taxable income at Rs. 427,094 after deductions, with no tax to be deducted or refunded.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    322 views2 pages

    May 2019 PDF

    Uploaded by

    Vinodhkumar Shanmugam
    Rathish Gandhi received a salary slip for May 2019 from Infosys Limited in Chennai. As a Senior Designer, his earnings for the month included a basic salary of Rs. 14,510 along with other allowances totaling Rs. 45,548. Provident fund and other deductions amounted to Rs. 2,672, leaving a net pay of Rs. 42,876. A projected annual tax statement estimated his annual taxable income at Rs. 427,094 after deductions, with no tax to be deducted or refunded.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    Infosys Limited, Bangalore Salary Slip for the month of May 2019

    Name : Rathish Gandhi


    Designation : Senior Designer – Experience Design

    Employee No 1048745 PF No PY/BOM/10088/419717 Total Payable


    India Overseas LOP Secondment
    Work days
    Location MCity , Chennai UAN
    Personal Level 3 Bank A/C No 057301513972 26.00 26.00 0.00 0.00 0.00

    (Amount in ₹)
    Earnings Deductions
    Particulars Current Period Year to Date Particulars Current Period Year to Date
    Basic Salary 14,510.00 14,510.00 PF Contribution 1,852.00 1,852.00
    Fixed Dearness Allowance 923.00 923.00 Infosys Welfare Trust 500.00 500.00
    House Rent Allowance 10,873.00 10,873.00 Transport Deduction 320.00 320.00
    Medical Allowance 6,796.00 6,796.00
    Transport Allowance 2,718.00 2,718.00
    Leave Travel Allowance 6,796.00 6,796.00
    BonusExgratia-AdvancePmt 2,932.00 2,932.00

    Total 45,548.00 45,548.00 Total 2,672.00 2,672.00


    Net Pay 42,876.00 42,876.00

    Page 1 of 2
    Infosys Limited, Bangalore Projected Annual Tax Statement - May 2019
    Name : Rathish Gandhi
    Designation : Senior Designer – Experience Design
    (Amount in ₹)
    Projected Annual Taxable Income Details of Tax Benefits
    Particulars Year to Date Projected Amount Deductions u/s 16 Maximum Considered
    Gross Salary 45,548.00 501,028.00 Standard Deduction 50,000.00 50,000.00
    Gross Total Salary 501,028.00 Professional tax 0.00
    Deductions 50,000.00 Total 50,000.00
    Income under the head Salaries 451,028.00
    Exemptions u/s 10 Considered
    Gross Taxable Income 451,028.00
    HRA Exemption 0.00
    Chapter VI-A Deductions 23,934.00
    LTA Exemption 0.00
    Total Taxable Income 427,094.00
    CEA Exemption 0.00
    Tax to be deducted/(Refund) 0.00
    CHA Exemption 0.00
    Transport Exemption 0.00
    Total 0.00

    Chapter VI-A Deductions Maximum Considered


    80C, 80CCC Deductions 150,000.00 23,934.00
    [PF, VPF, PPF, LIC, Tuition Fees, Tax Saving
    MF, Tax Saving FDs, SSY, Housing Loan
    Principal etc]
    80D HIP for self, Spouse, Children 25,000.00 0.00
    80D HIP for Parents 50,000.00 0.00
    [INR 25000 in case of Non senior Citizen]
    80CCD (1B) NPS self contribution 50,000.00 0.00
    80CCD (2) NPS Employer Contribution 10% of Basic+DA 0.00
    80E Interest on higher education Loan NA 0.00
    80U Person with disability 125,000.00 0.00
    [40% INR 75000, 80% INR 125000]
    80DD Person with disability dependent 125,000.00 0.00
    [40% INR 75000, 80% INR 125000]
    80DDB Treatment of Specified disease self/ 100,000.00 0.00
    dependent
    [INR 40000 in case of Non senior Citizen]
    80TTA interest on savings bank account & NA 0.00
    others
    Total 23,934.00

    Tax on all one time components is deducted on the actual payout at the highest tax slab rate applicable for your taxable income. Applicable Slab rate is determined as per Last month's taxable Income +
    Current month additional/one time Payout.
    Page 2 of 2

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