Dear all,
Recently, I have joined a firm as an HR executive trainee, and I am facing difficulties in preparing salary slips for employees. Can anybody guide me on how to prepare a salary slip for an employee? I am familiar with PF, PT, Basic, DA, and ESIC. However, I lack knowledge about HRA percentage, Special Allowance, Children's Education Allowance, Medical Allowance, and Conveyance Allowance. Your guidance on these matters would be greatly appreciated.
Please guide me.
Regards,
Vijay
From India, Mumbai
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Recently, I have joined a firm as an HR executive trainee, and I am facing difficulties in preparing salary slips for employees. Can anybody guide me on how to prepare a salary slip for an employee? I am familiar with PF, PT, Basic, DA, and ESIC. However, I lack knowledge about HRA percentage, Special Allowance, Children's Education Allowance, Medical Allowance, and Conveyance Allowance. Your guidance on these matters would be greatly appreciated.
Please guide me.
Regards,
Vijay
From India, Mumbai
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I understand your situation; it is quite common among new HR professionals at the organizational level. However, understanding the salary breakdown is not difficult. First, you need to know the employee's gross salary. Then, in an Excel sheet, some formulas can be used. Below, I will explain the entire salary statement, so please pay attention to that.
Salary Breakdown Explanation
1. HRA - Approximately 60% of your gross salary.
2. CON ALLOWANCE - Rs. 900
3. SPL ALLOWANCE -
Please let me know if you need any further clarification or assistance.
Thank you.
From India, Bangalore
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1Salary Breakdown Explanation
1. HRA - Approximately 60% of your gross salary.
2. CON ALLOWANCE - Rs. 900
3. SPL ALLOWANCE -
Please let me know if you need any further clarification or assistance.
Thank you.
From India, Bangalore
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CTC SALARY SLIP FORM.xls
Salary slip.doc
Salary & Compensation Guidelines.zip