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Anurag.anupam
Hr Generalist.
+4 Others

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Good evening everyone,
I am working as hr executive in a staffing company.please can any body help me how to calculate salary,How pf esi is calculated???please send me with example so that i can prepare salary slip in my company

From India, Bhubaneswar
Dear Sonali,
The process and format that you develop for your company will depend upon the organization policies. The process needs to be designed to manage the volume. Please do share your queries as you work along in this project.
Please write to the experts, here in this community to confirm on the design and the components before you go live with it .
You may learn from the documents and discussion as shared below.Regards,
(Cite Contribution)

From India, Mumbai
Dear sir, Please Clear the topic of Payments of Gratuity it my self, i am working same director organization is another another 1st 2 year x company and then transfer to another company and worked 1.5 year and after then transfer to first company totally service is 6 year but present Factory management is refuse the payments he saying the you are not complete the 5 year, so request to you how can received the gratuity amount company management is stop the said amount
1. can any rule and regulation( same owners) but company name is diff rents-2
Please get valuable advice in my id awaiting for your reply and suggestion.
Thanks and regards
Vikram Singh

From India, Surat
Thanks.......everyone for replying.As i am into a small company we dont have any salary structure so please help me out how pf and esi percentage is calculated,how gross salary ,net salary is calculated?????and i need to know the salary break up?????
From India, Bhubaneswar
Dear All, This is useful to all HR professional Jnana Ranjan Kar 09439527324
From India, Bhubaneswar

Attached Files
File Type: doc Form 2.doc (84.0 KB, 469 views)
File Type: xls Form 3A.xls (205.5 KB, 391 views)
File Type: xls Form 12A.xls (51.5 KB, 608 views)

Dear Sonali,

As a guideline i can tell you how to prepare salary slip.

It varies from company to company upon its policies.

You may use following formula for salary calculation

Salary = Basic + D.A. + H.R.A ( 50% of basis(Metro)/(40% of basic (Non Metro) + Conveyance Allowance + Special Allowance + Metro Allowance/ Site Allowance + L.T.A. + Performance Bonus ( Variable) - PF - Superannaution - ESI - Professional Tax.

Above is mere guideline.

Now on calculation of PF -> PF is deducted from Employee's salay @ 12% of basis. This you need to show in his Salary Slip.

Employer also contributes the same 12%+1.61% (Admin Charges) subject to 6500 basic pay. Out of this 12%, 8.33% goes to EPS and rest 3.67% goes to PF balance (i.e. 239).

ESI : Employee State Insurance is calculated at 1.75% on the gross salary of the employees whose salary is below Rs. 15000/-permonth and Employer contributes 4.75% on the gross salary of the employee and the aggregate 1.75% + 4.75% is remitted to the ESI Department.

Apart from this you may include different benefits that compay gives to employees.

Thanks & Regards,

Anupam Anurag.

From India, Calcutta
HI Sonali,
If you wanted deeply on HR policy & payroll activities request you, please go for 30 days training in Accounts House & Hr house in Bangalore. They will provide on HR & accounting process.
Best Regards,
Raghavendra

From India, Bangalore
Hi sonali, for guidance to prepare a HR payroll, you can refer to the attached document. It is powerpoint presentation that will help you in preparing HR payroll for your company.
From India, Mumbai

Attached Files
File Type: ppt payroll_188.ppt (242.5 KB, 253 views)

on basic 12%pf esi-4.75% &1.75% on gross and there is not ant standard performa of salary slip.
From India, Surat
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