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Earnings Deductions: Eicher Motors Limited

This pay slip is for R. SEETHARAMAN for the month of June 2019 from Eicher Motors Ltd. It shows earnings of Rs. 48,261 including basic salary of Rs. 12,643, HRA of Rs. 6,323, and other allowances. Deductions include PF of Rs. 1,842 and professional tax of Rs. 208, leaving a net pay of Rs. 27,648. An income tax worksheet calculates the annual taxable income and deductions, showing no tax is due.

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R SEETHARAMAN
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740 views1 page

Earnings Deductions: Eicher Motors Limited

This pay slip is for R. SEETHARAMAN for the month of June 2019 from Eicher Motors Ltd. It shows earnings of Rs. 48,261 including basic salary of Rs. 12,643, HRA of Rs. 6,323, and other allowances. Deductions include PF of Rs. 1,842 and professional tax of Rs. 208, leaving a net pay of Rs. 27,648. An income tax worksheet calculates the annual taxable income and deductions, showing no tax is due.

Uploaded by

R SEETHARAMAN
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Eicher Motors Limited

96, Sector 32, Institutional Area , Gurgaon - 122001


HARYANA
Pay Slip for the month of June 2019
All amounts in INR

Emp Code : E07603 Location : Chennai


Emp Name : R.SEETHARAMAN Bank/MICR :
Department : RQC Bank A/c No. : 154701513536 (ICICI BANK LTD)
Designation : Associate Engineer Entity : ROYAL ENFIELD
Grade : AE PAN : HSSPS9518A
Gender : Male Aadhar Card : 600493714809
DOB : 08 Aug 1991 DOJ : 02 May 2018 Payable Days : 30.00

Earnings Deductions
Description Rate Monthly Arrear Total Description Amount
Basic 7425.00 7425.00 5218.00 12643.00 PF 1842.00
House Rent Allowance 3713.00 3713.00 2610.00 6323.00 PROF. TAX 208.00
Children Edu Allow 800.00 800.00 0.00 800.00 Other Deduction 18563.00
Other Allowance 15107.00 15107.00 12798.00 27905.00
Washing allowance 500.00 500.00 0.00 500.00
Shift Allowance 90.00 0.00 90.00
GROSS EARNINGS 27545.00 27635.00 20626.00 48261.00 GROSS DEDUCTIONS 20613.00
Net Pay : 27648.00 (TWENTY SEVEN THOUSAND SIX HUNDRED FORTY EIGHT ONLY)

Income Tax Worksheet for the Period April 2019 - March 2020
Description Gross Exempt Taxable Deduction Under Chapter VI-A Taxable HRA Calculation( N o n - M e t r o )
Basic 89100.00 0.00 89100.00 Investments u/s 80C Rent Paid 0.00
House Rent Allowance 44556.00 0.00 44556.00 Provident Fund 21600.00 From: 01/04/2019
Children Edu Allow 9600.00 0.00 9600.00 To: 31/03/2020
Other Allowance 181284.00 0.00 181284.00 1. Actual HRA 44556.00
Washing allowance 6000.00 6000.00 0.00 2. 40% or 50% of Basic 35640.00
Taxable Amt 25210.00 0.00 25210.00 3. Rent - 10% Basic 0.00
Variable Payment 8975.00 0.00 8975.00 Least of above is exempt 0.00
Shift Allowance 90.00 0.00 90.00 Taxable HRA 44556.00

TDS Deducted Monthly


Gross 364815.00 6000.00 358815.00 Total Investments u/s 80C 21600.00 M o n t h Amount
Tax Working U/S 80C 21600.00 April-2019 0.00
Standard Deduction 50000.00 T o t a l D e d U n d e r C h a p t e r V I - A21600.00 May-2019 0.00
Previous Employer Taxable Income 0.00 Total 0 . 0 0 June-2019 0.00
Previous Employer Professional Tax 0.00 Tax Deducted on Perq. 0.00
Professional Tax 2500.00 Total 0.00
Under Chapter VI-A 21600.00
Any Other Income 0.00
Taxable Income 284715.00
Total Tax 1736.00
Tax Rebate u/s 87a 1736.00
Surcharge 0.00
Tax Due 0.00
Health and Education Cess 0.00
Net Tax 0.00
Tax Deducted (Previous Employer) 0.00
Tax Deducted on Perq. 0.00
Tax Deducted on Any Other Income. 0.00
Tax Deducted Till Date 0.00
Tax to be Deducted 0.00
Tax per month 0.00
Tax on Non-Recurring Earnings 0.00 Total Any Other Income
Tax Deduction for this month 0.00

Salary Structure Change Variable Payment

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