Salary slip without deducting tax, PF or insurance - we don't have enough employees - CiteHR
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Hello please help me with the salary slip of an employee having 20,000 INR salary. We do not pay PF yet because we don't have enough employees.
So PF and other tax won't be deducted. Please help.
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Ensuring social welfare to employees in terms of esic or any other similar compensation in lieu,Professional tax deductions under the act and Labour welfare fund is mandatory.For epf it is advised to check if your company falls in to coverage criteria,you must include the conteibutions accordingly.
Decide the basic and DA applicable as per the employment schwduled as applicable to your type of organisation business. Similarly HRA as per the City grade may also be included.
Thus components of salary slip may include
Basic
DA
HRA
CONVEYANCE ALLOWANCE
WASHING OR MAINTENANCE ALLOWANCE
MEIDICAL BENEFITS
OTHER ALLOWANCES ETC...
DEDUCTIONS:
EPF
ESIC
LWF
PT
FRINGE BENEFITS:
BONUS
GRATUITY
LEAVE WITH WAGES
NATIONAL HOLIDAYS
PERFORMANCE INCENTIVE ETC....
OTHER TYPES OF EARNINGS
OT
hope these heads would help you prepare ur own salary slip in accordance with applicability and entitlement and eligibilities as required.
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