N
Skillful
Salary statement · July 2026
Finalized
Issued 08 Sep 2026
- Employee
- Arjun Mehta
- Employee code
- NL-002
- Designation
- Engineering Manager
- Department
- Engineering
- Joined
- 08 Sep 2022
- Paid days
- 23 of 23
- Basic
- ₹1,33,334
- House rent allowance
- ₹53,334
- Conveyance and special allowance
- ₹57,586
- Gross earned
- ₹2,44,254
- Provident fund (12% of basic)
- ₹16,000
- Professional tax (Karnataka)
- ₹200
- TDS (income tax deducted at source)
- ₹37,857
- Total deductions
- ₹54,057
Net pay
Full month paid
₹1,90,197
Employer contributions
Part of cost to company, not of net pay
- Provident fund (12% of basic)
- ₹16,000
- Gratuity (4.81% of basic)
- ₹6,413
- Cost to company this month
- ₹2,66,667
How the TDS was worked out
New regime · projected over 12 months
- Projected annual grossmonthly gross × 12
- ₹29,31,048
- Less standard deduction
- − ₹75,000
- Taxable income
- ₹28,56,048
| 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% | ₹4,56,048 | ₹1,36,814 |
- Tax on income
- ₹4,36,814
- Health and education cess (4%)
- + ₹17,473
- Annual tax payable
- ₹4,54,287
- Monthly TDSannual tax ÷ 12
- ₹37,857
Demo payslip. PF, ESIC, professional tax and TDS are illustrative figures and are not a statutory-compliant calculation.