N
Skillful
Salary statement · August 2026
Draft
Issued 24 Sep 2026
- Employee
- Neha Iyer
- Employee code
- NL-003
- Designation
- Product Manager
- Department
- Product & Design
- Joined
- 24 May 2023
- Paid days
- 20 of 21
- Basic
- ₹1,11,111
- House rent allowance
- ₹44,445
- Conveyance and special allowance
- ₹47,988
- Gross earned
- ₹2,03,544
- Provident fund (12% of basic)
- ₹13,333
- Professional tax (Maharashtra)
- ₹200
- TDS (income tax deducted at source)
- ₹28,331
- Total deductions
- ₹41,864
Net pay
After 1 day loss of pay
₹1,61,680
Employer contributions
Part of cost to company, not of net pay
- Provident fund (12% of basic)
- ₹13,333
- Gratuity (4.81% of basic)
- ₹5,345
- Cost to company this month
- ₹2,22,222
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.