Payslip India May - 2023
Payslip India May - 2023
Payslip India May - 2023
(Amount in ₹)
Earnings Deductions
Particulars Current Period Year to Date Particulars Current Period Year to Date
Basic Salary 16,421.00 385,475.00 PF Contribution 1,971.00 46,255.00
House Rent Allowance 4,149.00 97,387.00 Professional Tax 200.00 2,000.00
Medical Allowance 2,593.00 60,866.00 LWF Contribution 0.00 2.00
Transport Allowance 1,037.00 24,345.00 Income Tax 0.00 49,723.00
Leave Travel Allowance 2,593.00 60,866.00 Infosys Welfare Trust 325.00 3,500.00
BonusExgratia-AdvancePmt 3,120.00 73,242.00 Soft Loan 8,455.00 16,910.00
Misc Earnings 0.00 7,500.00
Annual Bonus/ Ex-gratia 3,853.00 3,853.00
Performance Bonus 0.00 43,692.00
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Infosys Limited, Bangalore Projected Annual Tax Statement - March 2023
Name : K Vinod Kumar
Designation : Senior Associate Consultant
(Amount in ₹)
Projected Annual Taxable Income Details of Tax Benefits
Particulars Year to Date Projected Amount Deductions u/s 16 Maximum Considered
Gross Salary 757,226.00 757,226.00 Standard Deduction 50,000.00 50,000.00
Interest Perk 476.00 476.00 Professional tax 2,000.00
Gross Total Salary 757,702.00 Total 52,000.00
Deductions 52,000.00
Exemptions u/s 10 Considered
Income under the head Salaries 705,702.00
HRA Exemption 0.00
Gross Taxable Income 705,702.00
LTA Exemption 0.00
Chapter VI-A Deductions 46,255.00
CEA Exemption 0.00
Total Taxable Income 659,450.00
CHA Exemption 0.00
Tax Payable(on projection basis) 46,166.00
Transport Exemption 0.00
TDS till date 49,723.00
Total 0.00
Tax to be deducted/(Refund) -3,557.00
Chapter VI-A Deductions Maximum Considered
80C, 80CCC Deductions 150,000.00 46,255.00
[PF, VPF, PPF, LIC, Tuition Fees, Tax Saving
MF, Tax Saving FDs, SSY, Housing Loan
Principal etc]
80D HIP for self, Spouse, Children 25,000.00 0.00
80D HIP for Parents 50,000.00 0.00
[INR 25000 in case of Non senior Citizen]
80CCD (1B) NPS self contribution 50,000.00 0.00
80CCD (2) NPS Employer Contribution 10% of Basic+DA 0.00
80E Interest on higher education Loan NA 0.00
80U Person with disability 125,000.00 0.00
[40% INR 75000, 80% INR 125000]
80DD Person with disability dependent 125,000.00 0.00
[40% INR 75000, 80% INR 125000]
80DDB Treatment of Specified disease self/ 100,000.00 0.00
dependent
[INR 40000 in case of Non senior Citizen]
Other deductions of Chapter VIA NA 0.00
Total 46,255.00
Tax on all one time components is deducted on the actual payout at the highest tax slab rate applicable for your taxable income. Applicable Slab rate is determined as per Last month's taxable Income +
Current month additional/one time Payout.
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