Hi All,
I have recently joined a start up firm in Bangalore as HR. Currently, we have total 10 employees and I have the responsibility of hiring, training, employee relations , preparing offer letters , payslips etc. Since I used to work in a big company previously, I never prepared payslips as it used to come automatically from the Payroll team. Now , my biggest challenge is to prepare payslips as I do not know how to calculate income tax, TDS, professional tax etc. I can show the earnings on the left side of the payslip but how to calculate tax etc which come on the right side of the payslip.
It is a bit urgent. Any help would be highly appreciated. thanks in advance
15th April 2015 From India, Bangalore
Hi Kavita,
You can use the format for Payslip.
Make the changes as required.
For calculation of PT you have the break up below.
Monthly salaries or wages Tax Rate
(a) less than Rs.10,000 Nil
(b) not less than Rs.10,000 but less than Rs.15,000 Rs.150 Per month
(c) Rs. 15,000 and above Rs.200 Per month
16th April 2015

Attached Files
Membership is required for download. Create An Account First
File Type: xls Payslip.xls (30.5 KB, 318 views)

Add Reply Start A New Discussion

Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2019 Cite.Co™