Sample payout sheet. Shows how CTC billed to the Client typically funds employee net pay and statutory remittances.
Numbers are placeholders — not a payslip.
Statutory & other deductions (India — illustrative)
Deduction
Amount
Provident Fund (employee share) — if applicable
____
Professional tax / income tax TDS — if applicable
____
Other agreed deductions
____
Total deductions
____
Net payable to employee
____
Employer-side remittances (PF employer share, etc.) are paid from the Client CTC line as part of the monthly payroll cycle and are not deducted from net pay.
How this links to the client invoice
Client is invoiced for CTC (+ partnership commission) for the resource.
Sevendyne runs payroll, remits statutory amounts due under Indian law, and credits net salary to the employee.
Employee receives this summary / payslip through HR channels (not this public page).
Payout calendar (typical)
Attendance / timesheet cutoff — as agreed with Client.
Payroll processing mid–late month.
Credit to employee account before month-end (as stated in the employment letter sample).
Confidential when issued to an employee. This web page is a blank teaching template only.