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Vansh Gupta (10316831) + Draft+ Nov Sal

The document is a Full and Final Settlement Statement for employee Vansh Gupta, detailing earnings, deductions, and tax calculations for January 2025. It indicates a total amount to be recovered of Rs. 5,692.00 and outlines the employee's gross salary and tax liability, which amounts to zero under the new tax regime for the financial year 2024-25.

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Vansh Gupta
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0% found this document useful (0 votes)
11 views2 pages

Vansh Gupta (10316831) + Draft+ Nov Sal

The document is a Full and Final Settlement Statement for employee Vansh Gupta, detailing earnings, deductions, and tax calculations for January 2025. It indicates a total amount to be recovered of Rs. 5,692.00 and outlines the employee's gross salary and tax liability, which amounts to zero under the new tax regime for the financial year 2024-25.

Uploaded by

Vansh Gupta
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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XAVIENT SOFTWARE SOLUTIONS INDIA PRIVATE LIMITED

54, N.S.E.Z., Phase-II &


Candor IT / ITEZ SEZ,
Sector-135
Noida, U.P.
Full and Final Settlement Statement

Full and Final settled in Jan-2025 Date :13/01/2025


EmpNo 10316831 Joining Date 17-09-2024
Name VANSH GUPTA Leaving Date 22-11-2024
Department 13 Resigned Date
Location 02-Noida Last Paid Nov - 2024
Bank Name Standard Chartered bank Grade GR
Bank A/c No 54410811745 PF No MRNOI0040265/0000022884
Leave Encashment 2 Payable days 0 Day

Current Month April to Date


Earning / Deduction Head
Earnings Deductions Earnings Deductions
Basic 0.00 0.00 26,100.00 0.00
Basic for Jan 2025 0.00 0.00 6,300.00 0.00
Basic for Nov 2024 -5,400.00 0.00 -5,400.00 0.00
House Rent Allowance 0.00 0.00 15,621.33 0.00
House Rent Allowance for Jan 2025 0.00 0.00 3,770.67 0.00
House Rent Allowance for Nov 2024 -3,232.00 0.00 -3,232.00 0.00
Leave Encashment 900.00 0.00 900.00 0.00
Bonus 0.00 0.00 2,706.67 0.00
Bonus for Jan 2025 0.00 0.00 653.33 0.00
Bonus for Nov 2024 -560.00 0.00 -560.00 0.00
Cab Reimb / Recovery 2,600.00 0.00 7,800.00 0.00
Comp Off Pay out 0.00 0.00 794.00 0.00
Provident Fund 0.00 0.00 0.00 3,312.00

Total -5,692.00 0.00 55,454.00 3,312.00

Amount to be recovered with Final Settlement Rs. : -5,692.00


Recovery of Rupees Five Thousand Six Hundred Ninety Two Only.

Checked By Verified By Authorized By

Page 1 of 2 Printed On 13/01/2025 5:35:35 PM

Processed on Ascent Payroll


Income tax Calculation (New Regime)
XAVIENT SOFTWARE SOLUTIONS INDIA PRIVATE LIMITED Ascent Payroll
PAN : AAACX0465F/ TAN : MRTX00005F F.Y. : 2024-25 / A.Y. : 2025-26
Employee: 10316831 VANSH GUPTA Calculation Month: January-2025
Date of Joining: 17/09/2024 PAN: DHFPG3461L Tax Category: MEN Date of Leaving: 22/11/2024
1. Gross Salary Actual(Rs.) Projection(Rs.) Total(Rs.)
Earnings
Basic 26,100 0 26,100
House Rent Allowance 15,621 0 15,621
Leave Encashment 900 0 900
Bonus 2,707 0 2,707
Arrears-Basic 900 0 900
Arrears-HRA 539 0 539
Arrears-Bonus 93 0 93
Cab Reimb / Recovery 7,800 0 7,800
Comp Off Pay out 794 0 794
Totals: 55,454 0 55,454

WORKSHEET :
1. Gross Salary 55,454
2. Less: Allowances Exempt Under Section 10
(f) Amount of any other exemption under section 10
Leave Encashment 900
Total
3. Balance (1-2) 54,554
4. Deductions:
Standard Deduction 54,554 54,554
5. Aggregate of 4 54,554
6. Income chargeable under the head 'Salaries' (3-5)
7. Add: Any other income reported by the employee
Total of above 0
8. Gross total income (6+7)
9. Deductions under Chapter VI-A Qualifying Deductible
Gross Amount
(A) Section 80C, 80CCC and 80CCD Amount Amount
(a) Section 80 C
a. Provident Fund 3,312 0
Total of Section 80C, 80CCC and 80CCD 3,312
(B) Other Sections under Chapter VI-A
Total of Other Sections under Chapter VI-A
10. Aggregate of deductible amount under Chapter VIA 0
11. Total Income (8-10) 0
12. Tax on total income based on New Regime 0
*
13. Less: rebate u/s 87A 0
14. Tax payable and surcharge thereon 0 +0 0
15. Add: Education CESS 4.00% on (14) 0
16. Less: Rebate Under Section 89 0
17. Total Tax Liability (14+15-16) 0
18. Less Tax deducted at source till December-2024 0
19. Tax payable/refundable (17-18) 0
20. Tax payable/refundable this month 0

Page 2 of 2 Printed On 13/01/2025 5:35:36 PM

Processed on Ascent Payroll

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