Is there any sample format for issuing statement of salary & allowances and taxes deducted if any to an employee who left in the middle of a Financial Year as Form 16 will be available only after Annexure-II is filed after end of the FY. The employee needed it to submit it to his next employer. Thanks in advance.
24 October 2019
You may use the following as format.
Various heads of salary like basic, HRA, Other allowance Less : Deduction under section 10 Like HRA, Uniform etc Less : Professional tax Less : Standard deduction Less : Deduction under section 80 C ( PF, insurance, Principal payment of housing loan etc) Less : Deduction under section 80 D - Medical Insurance Less : Interest on housing loan under section 24 Taxable income tax @ 5% 250000- 500000 Tax@ 20% 500001 to 1000000 Tax@ 30% 1000001 Less : Interest n
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