Salary caculation

Shehbaz (Accountant) (125 Points)

16 May 2016  

Dear Sir/Mam,

An Employer pay salary of Rs. 65000 (Including HRA) to his Employee as per below calculation.

I just want to know the below calculatioon is corret or not ?

Particular

 Amount

Remarks

 

 

 

Earning

 

 

Basic Salay

 ₹    35,000.00

 

HRA

 ₹    30,000.00

Employee Provide Rent Agreement

 

 ₹    65,000.00

 

 

 

 

Deduction

 

 

Profeesional Tax

 ₹         200.00

 

TDS On Salary

 ₹      1,417.00

 

 

 ₹      1,617.00

 

 

 

 

Salary Payable

 ₹    63,383.00

 

 

 

 

 

 

 

Note

 

 

TDS Calculation

 

 

Basi Salary PA

 ₹ 420,000.00

 

Exempt Amount

 ₹ 250,000.00

 

Taxable Amount

 ₹ 170,000.00

 

10% TDS on The Above

 ₹    17,000.00

 

TDS Amount Per Month

 ₹      1,417.00