Industrial Relations
Hr Executive
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Dear sir/ madam:
I am ruban pursuing M.S.W(H.R) in mar gregorios college. I prepared one payroll process as per my knowledge. I am expecting your suggestion and correction so that i may correct my self. I am waiting for your valuable comments.

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File Type: xls payroll.xls (25.5 KB, 2336 views)

This is Karra sarma working as Sr. Officer - HR
ur prepared payroll statement is HRA, TRAVEL ALLOWANCE IS WRONG
BASICALY, HRA IS 40%/50% ON basic amount based on non-metro/metro city as per IT Exemption rules
travel allow 800/1650 for Normal Health/Physcially handcop as per IT Exemption Rules
we should not show PF & ESI as earning cloums
as per act, we should deduction PF 12% on Basic+DA/Gross amount & ESI is 1.75% on Gross Salary.
we should not deduction Employer Contribution of PF & ESI from salary. if dedcuted PF & ESI than govt authorites thread to organziation due to wrong practices.
Employer contribution should contributed by Employer only.
and Basic + DA amount mention as per Minimum Wages applicaplitiy as Govt GO
Pls see my payroll statement and feel free call to me or write a email for clarification

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File Type: xls salary format 2011 for CL.xls (29.5 KB, 1698 views)

Hi There is no universal format for salary structure. However, earnings should be in LHS & deductions in RHS.
Dear ruban, Seen your salary sheet and comments given by sharma is appreciated. Also would like to add EPs8.33% MAX up to Rs.541/- only rest of amount goes to PF which pls update. Regards, ASK
Dear Sarma, wat about ESI & EPF cieling??? EPF it is fine if ur org allows contribution more than 6500 but in ur pay sheet, there is no cieling for ESI. pl check
Hi Ruban, Attached is a Payroll format for your understanding...... please review and if you need anything to insert further, please revert. Thanks Taru

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File Type: xls Payroll Annexure-2 (2).xls (20.5 KB, 2123 views)

Dear Friend
Please change the PF card No. into PF Account No Calculations and other details are okay
Please start with Basic Pay, HRA can be a lump sum or upto 40 to 50% of basic, Not everyone will be on travelling so travel allowance is not required Instead you can make it as Conveyance Allowance.
in Totallity it seems to be okay
All the best dear
Dear Mr.Ruban I have gone thru the xls file and I suggest HRA can be worked out at 50% of basic instead of 25% so as to avoid taxation on HRA.
hello seniors:
As i am studying i prepared it. But i dont know the split ups can any one help out in split up and i am 0 in tax. Can u teach me so that it will be helpfull for me and one more how the attendance will be taken we should take as 30,31 or else 30.5...... These were the doubt i got can u pls clear my doubt. Thanks a lot your suggestion and corrections seniors. Thanks a lot
thanks and regards
hello seniors : Can any one help me out in salary split ups, tax and attendance ......... Seniors help me out
Thanks for your communication.
as per ur advise, I have revised the format.
ESI take celing of Rs. 15000/-
PF did not take the celing due to as per act, Wages Limit for 6500/- for PF A/c No 10, 21, 22 purpose only. and remaining Ac No 1 & 2 is whole basic
if any employee not willing to pay the PF amount wheater he have earning above Rs. 6500/- take to a letter containing, i not willing to cotribute the PF ,than in the CTC Format & Salary sheet make a Zero.
I await to ur responance

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File Type: xls salary format 2011 for CL.xls (28.0 KB, 169 views)

Hi Ruban,
Attendance is counted of number of worked days+leave with pay(SL/CL/PL/ML/Specal Leave)- Leave without pay
Income Tax deduction normally given by tax profession.
every company have sparate employee is engaged and he is belong from Chart Account or Finance or Senior Most HR person in compensation & Benfit devision & it wide subject..
any if u want pls search in the cite hr pages
after well known of ctc format and salary statement preparation. than only u can understand the income tax deductions part.
Hi RSDG Pls check with ealiear posting of reply mail for Ruba Pls go through it and ur saying is wrong. pls check and revert. regards Sarmakpk
Welcome and if any clarification regarding payroll attendance compensatory & benifits stautory provision pls share with me. i will give you upto my knowledge REgads/Sarma
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