Monthly slip on a 12 lakh CTC
An employer issues a payslip where basic is half of CTC and PF is deducted at the statutory rate.
- Employee
- Priya Nair, Designer
- Month
- August 2026
- Monthly gross
- 1,00,000
- Basic
- 50,000
- PF deduction
- 6,000
Result. Net pay of 94,000 with earnings and deductions itemised. PF at 12% of basic is the usual assumption; add TDS and any other deductions yourself, since tax is not modelled.