Statement of Salary for part of an FY


(Querist)
23 October 2019
Dear Sir/Madam,

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.


A.S.SUNDARARAJAN (Expert)
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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