N
Skillful
Salary statement · August 2026
Draft
Issued 08 Sep 2026
- Employee
- Priya Sharma
- Employee code
- NL-001
- Designation
- Head of People
- Department
- People & Finance
- Joined
- 08 Jul 2021
- Paid days
- 19 of 21
- Basic
- ₹1,35,714
- House rent allowance
- ₹54,286
- Conveyance and special allowance
- ₹58,615
- Gross earned
- ₹2,48,615
- Provident fund (12% of basic)
- ₹16,286
- Professional tax (Telangana)
- ₹200
- TDS (income tax deducted at source)
- ₹47,383
- Total deductions
- ₹63,869
Net pay
After 2 days loss of pay
₹1,84,746
Employer contributions
Part of cost to company, not of net pay
- Provident fund (12% of basic)
- ₹16,286
- Gratuity (4.81% of basic)
- ₹6,528
- Cost to company this month
- ₹2,71,429
How the TDS was worked out
New regime · projected over 12 months
- Projected annual grossmonthly gross × 12
- ₹32,97,420
- Less standard deduction
- − ₹75,000
- Taxable income
- ₹32,22,420
| Slab | Rate | Income in slab | Tax |
|---|---|---|---|
| Up to ₹4L | 0% | ₹4,00,000 | ₹0 |
| ₹4L – ₹8L | 5% | ₹4,00,000 | ₹20,000 |
| ₹8L – ₹12L | 10% | ₹4,00,000 | ₹40,000 |
| ₹12L – ₹16L | 15% | ₹4,00,000 | ₹60,000 |
| ₹16L – ₹20L | 20% | ₹4,00,000 | ₹80,000 |
| ₹20L – ₹24L | 25% | ₹4,00,000 | ₹1,00,000 |
| Above ₹24L | 30% | ₹8,22,420 | ₹2,46,726 |
- Tax on income
- ₹5,46,726
- Health and education cess (4%)
- + ₹21,869
- Annual tax payable
- ₹5,68,595
- Monthly TDSannual tax ÷ 12
- ₹47,383
Demo payslip. PF, ESIC, professional tax and TDS are illustrative figures and are not a statutory-compliant calculation.