Rishi.life09 Started The Discussion:
I want to know about salary break up in payslip.
what content should be mentioned in a payslip.
DA or what...
If suppose salary is Rs. 8000 how should i prepare the salary slip....like
what should be the Basic....HRA...DA...and others....
Net Take Home Pay = Gross - Deductions
Components that can be included
HRA = 40% Of Basic or 50% of Basic (In metros)
Dearness Allownace which is based on CPI
Medical = 1250/- per month
Conveyance Allownace = 800/- per Month (Used by most organisations)
PF = 12% BAsic + DA
Professional TAx (Which will also vary as per the Salary)
Gratuity = 4.81% of Basic
Hope it clear to some extent
For 8000/- CTC, you can go for following breakup -
Basic : - Rs. 4000/-
HRA :- Rs. 1997/- (45 to 50 % of basic)
Conveyance :- Rs. 800/-
Uniform or any other allowance :- Rs. 400/-
Gross Salary : -Rs. 7197/-
CTC = Gross + Employer ESI + Employer PF
= 7197 + 323 + 480 = Rs. 8000/-
Hope it might help you.
Thanx for the information....
but how we consider the basic....??
Basic = How can consider the basic
HRA = 40% Of Basic
DA = What is CPI
Medical Allowance = 1250/- per month....Is it fixed..??
Convn = 800 per month ......Is it fixed
This depends on what has been offer to you in your job offer letter your salary slip should include the following information
Date of employment
Current month salary date
Total Salary Payable (____________________________)
Deductions If Any
Your Monthly Pension Deduction
Loans (If Any)
Total Salary Transferred To Employee Bank (____________)
Gratuity, employer's share of PF &ESI are not required to be shown in monthly salary slips.One is to complete 5 yrs of service under one employer to be eligible for gratuity.Employee’s share of PF& ESI contribution are only shown in salary slip under deduction col. With regard to % of gratuity component,it is arrived at as follows:-
a)For one completed year of service one is entitled for 15 days’ salary/wage(basic+DA) towards gratuity that means monthly salary divided by 26 days multiplied by 15 days.
b)If one’s monthly salary is Rs.100/-, he is eligible for gratuity(only if he has rendered 5 years’ service) @ Rs.100/- / 26 X 15 for each year of service.
c)Thus the % age of one year’s gratuity to annual salary is Rs.100/- X 15 divided by 26 X 12( months in a year) =4.81
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