Hi All,

I joined new company and my current salary is 11lpa(10L fixed + 1L variable pay).
I don't know about tax calculations and all.
They didn't deduct any TDS in my first month salary.
So when will they deduct TDS?
I am attaching my slip here.
Please suggest for investment plans.

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Posting as :
works at
You are currently posting as works at

Basic salary needs to be 40% of gross or 50% of total CTC. Wrong calculation, it has led lesser PF contribution from employee and employer side

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Even i don't know how they calculated.
But this my ctc.

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Is this for Pro unlimited?

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75000*6(October 22 - March 23) = 450000. As per the info ur new company has, ur current salary YTD in new company is less than 5L and not taxable. Hence no tds.

However, there should be an option in ur current company to submit previous employment pay details in respective portal. Once u do, they'll statt deduction.

Yes, IT department has these details. So it's better to declare your prev salary to current organisation so that your TDS goes correctly, otherwise you will have to pay a lumpsum amount while filing ITR.

helpful

Is it only me who is getting this pay slip wrong? How can HRA be more than basic pay and why is the basic pay so low?

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Additional Posts in InHand Salary and Tax Calculation

What would be the inhand sal. for below structure.

TIA

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Hello Fishes,
What will be the in hand salary per month as per below break-up + tax.

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likehelpful

hi Sharks

Can anyone help me what will by my inhand salary for CTC 31.5 Lakh((No variable) fixed ctc and i have home loan and life insurance of more then 1.5 Lakh
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1. 1.5 lakhs 80c
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I need 11 likes to start chatting with Individuals in the group.
Pls help

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Hi Guys, please help me understand the in hand salary for the following. Thanks in advance!

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Need 11 likes to enable DM.
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Hi frds,

My CTC is 9.15
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Infosys 17 lpa 15%variable pay how much i will get

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What should be the approx in hand?
CTC: 14lpa
Fixed: 12.8lpa, Variable: 1.2lpa
80c: 1.5L
Std Deduction: 50K

Apart from this, also let me know how else I can save tax.
Thanks a ton 🙏

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