N
Skillful
Salary statement · August 2026
Draft
Issued 08 Sep 2026
- Employee
- Neha Iyer
- Employee code
- NL-003
- Designation
- Product Manager
- Department
- Product & Design
- Joined
- 08 May 2023
- Paid days
- 21 of 21
- Basic
- ₹1,16,667
- House rent allowance
- ₹46,667
- Conveyance and special allowance
- ₹50,387
- Gross earned
- ₹2,13,721
- Provident fund (12% of basic)
- ₹14,000
- Professional tax (Maharashtra)
- ₹200
- TDS (income tax deducted at source)
- ₹28,331
- Total deductions
- ₹42,531
Net pay
Full month paid
₹1,71,190
Employer contributions
Part of cost to company, not of net pay
- Provident fund (12% of basic)
- ₹14,000
- Gratuity (4.81% of basic)
- ₹5,612
- Cost to company this month
- ₹2,33,333
How the TDS was worked out
New regime · projected over 12 months
- Projected annual grossmonthly gross × 12
- ₹25,64,652
- Less standard deduction
- − ₹75,000
- Taxable income
- ₹24,89,652
| 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% | ₹89,652 | ₹26,896 |
- Tax on income
- ₹3,26,896
- Health and education cess (4%)
- + ₹13,076
- Annual tax payable
- ₹3,39,972
- Monthly TDSannual tax ÷ 12
- ₹28,331
Demo payslip. PF, ESIC, professional tax and TDS are illustrative figures and are not a statutory-compliant calculation.