Assignment
Tax Year: Current Tax Year
Company Information:
- Company Name: Finc ECommerce Services Private Limited
- TAN Number: CHEM20591E
- Address: 103, Nungambakkam High Rd, Ponnangipuram, Subba Road Avenue, Nungambakkam, Chennai, TamilNadu 600034
- PAN Number: KONCG7867L
TDS Login Details (Income Tax Website):
User ID: CHEM20591E
Password: Fin@123
Refer following documents:
- Salary Statement for the month of April
- Form 122 & 124 submitted by employees joined in April
- Salary Statement for the month of March
- Form 122 & 124 submitted by employees joined in March
Salary statement for the month of April
Gross Salary & Leave Data for the month of April:
Professional Tax Slabs for Chennai:
- In Chennai, professional tax is deducted monthly from an employee’s salary but paid to the government half-yearly.
- To calculate it, multiply the employee’s monthly salary by 6 to get the half-yearly salary, check the correct slab from the PT table, and divide the applicable tax amount by 6.
- This monthly amount is deducted from the employee’s salary each month. Employers collect it every month and deposit the total to the Chennai Corporation twice a year—by 30th September and 31st March.
Salary Structure for the month of April:
Employer Contribution for the month of April:
Form 124 of Savitha K:
- Please note that Savitha K had mistakenly entered details under Section 129, although she had not made any donation. Since she did not provide valid proof, this deduction should not be considered.
Form 124 of Abdul Azaz:
Note:
1. John Stephen has left the job on 31stDecember
2. Keshav N got an increment of Rs.9,000/- w.e.f 1st September (Revised salary is Rs.1,05,000/-)
3. Spoorthi K joined from 1st January
4. Anushree joined from 1st December
Assume No leaves are taken by any employee during May to February
Gross Salary & Leave Data for the month of March:
Salary Structure for the month of March:
Employer Contribution for the month of March
Form 122 of Spoorthi K:
Form 122 of Anushree:
Form 124 of Anushree:
