How to prepare the monthly salary statements for pvt ltd co - tds

varshajrajani Started The Discussion:

I am working in pvt ltd co in mumbai.
This co is into sales & support service of hi-tech instrumentation used in the field of Hydrography & Oceanography.

I have been given a responsibility of preparation of salary statement including tax part knowledge in excel.

Please help me out for the format , deductions part . format in excel.

Knwoledge about deduction (tds / P.F. / Prof Tax etc whatever is required.)

Gross salary - to = net salary.

bhumica -  Member Since: Mar 2006
I am attaching the file for updating your knowledge and qurries.
You would just need to punch the working day and the automatic calculation will take place. YOu would need to change the percentages according to your slabs
revert still if the querry pertains

Attached FilesProvided by community member bhumica. Join us to learn and grow with your peers.
File Type: xls salary_format_191.xls (22.5 KB, 2139 views)
Udayarkumar -  Member Since: Feb 2007
Hello Ms. Bhumika I couldn’t able to find that file for preparing salary statements. If possible, can you mail the file to my id: regards udaya kumar HR Executive

SASHMITA -  Member Since: Feb 2007
Dear bhumica, Cud you plz send me the attachement as well for computing the salary for pvt. ltd cos. :) Thnx Sashmita

pmjamshi -  Member Since: Dec 2007
HI, Does HRA vary from state to state? How is DA and HRA calculated. Whats gratuity....? Kindly reply. Thanks in advance :) Jamsheer

subhabratadg -  Member Since: Feb 2008
I would like to share the information on calculating salary :

The components are :

1. Basic salary
2. HRA
3. Conveyance
4. Spl. allowance
5. Gross salary
6. Days actually present ( including approved leave)
7. Earned basic on the basis of 6.
8. Earned HRA
9. Earned Conveyance
10. Earned Spl. allowance
11. Earned Gross salary
12. Any incentive
13. Less PF
14. Less ESI
15. Less TDS
16. Less P. Tax
17. Total deduction
18. Net Salary after deduction.

Hope this will you.


Subhabrata Dasgupta

JEYA PRADHABAN -  Member Since: Jul 2012
Nice work Subhabrata Dasgupta keep sharing the information’s Regards, JEYA PRADHABAN


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