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Skillful

Salary statement · August 2026

Draft

Issued 08 Sep 2026

Employee
Lakshmi Venkat
Employee code
NL-015
Designation
Finance Analyst
Department
People & Finance
Joined
08 Aug 2025
Paid days
20 of 21
Earnings
Basic
₹53,571
House rent allowance
₹21,429
Conveyance and special allowance
₹23,137
Gross earned
₹98,137
Deductions
Provident fund (12% of basic)
₹6,429
Professional tax (Karnataka)
₹200
TDS (income tax deducted at source)
₹0
Total deductions
₹6,629
Net pay

After 1 day loss of pay

₹91,508

Employer contributions

Part of cost to company, not of net pay

Provident fund (12% of basic)
₹6,429
Gratuity (4.81% of basic)
₹2,577
Cost to company this month
₹1,07,143
How the TDS was worked out

New regime · projected over 12 months

Projected annual grossmonthly gross × 12
₹12,36,528
Less standard deduction
− ₹75,000
Taxable income
₹11,61,528
SlabRateIncome in slabTax
Up to ₹4L0%₹4,00,000₹0
₹4L – ₹8L5%₹4,00,000₹20,000
₹8L – ₹12L10%₹3,61,528₹36,153
Tax on income
₹56,153
Less section 87A rebatetaxable income up to ₹12,00,000
− ₹56,153
Health and education cess (4%)
+ ₹0
Annual tax payable
₹0
Monthly TDSannual tax ÷ 12
₹0

Demo payslip. PF, ESIC, professional tax and TDS are illustrative figures and are not a statutory-compliant calculation.