The layer’s parameters:
Blending Options>Drop Shadow





Press now the Alt button and make a mouse’s click in the same time between the previous layer and the recently made one and the layer situated on the top will be applied in the limits of the first one.





Create a new layer and apply the Eraser Tool (E) to erase the unnecessary elements, like it is demonstrated in the picture. Apply the same method described earlier to click between the layers.





Select now the Ellipse Tool (U) to create the next layer designed also for the logotype.