N
Skillful
Salary statement · June 2026
Finalized
Issued 08 Sep 2026
- Employee
- Rahul Verma
- Employee code
- NL-020
- Designation
- Software Engineer
- Department
- Engineering
- Joined
- 08 Nov 2023
- Paid days
- 22 of 22
- Basic
- ₹79,167
- House rent allowance
- ₹31,667
- Conveyance and special allowance
- ₹34,191
- Gross earned
- ₹1,45,025
- Provident fund (12% of basic)
- ₹9,500
- Professional tax (Maharashtra)
- ₹200
- TDS (income tax deducted at source)
- ₹11,532
- Total deductions
- ₹21,232
Net pay
Full month paid
₹1,23,793
Employer contributions
Part of cost to company, not of net pay
- Provident fund (12% of basic)
- ₹9,500
- Gratuity (4.81% of basic)
- ₹3,808
- Cost to company this month
- ₹1,58,333
How the TDS was worked out
New regime · projected over 12 months
- Projected annual grossmonthly gross × 12
- ₹17,40,300
- Less standard deduction
- − ₹75,000
- Taxable income
- ₹16,65,300
| 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% | ₹65,300 | ₹13,060 |
- Tax on income
- ₹1,33,060
- Health and education cess (4%)
- + ₹5,322
- Annual tax payable
- ₹1,38,382
- Monthly TDSannual tax ÷ 12
- ₹11,532
Demo payslip. PF, ESIC, professional tax and TDS are illustrative figures and are not a statutory-compliant calculation.