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Hi All,
I would like know what is a Pay Slip?
What should a payslip Contain?Why should a Payslip contain so and and so things?Please forgive me here things according to me are Basic HRA..etc.Please healp me with the exact word.
Will a payslip Contain CTC or not?If Yes y?If no Y?
I have a small Idea of Pay slip. Correct me If I am wrong.
Emploer Contribution-? can it be mentioned or not?If yes y?If no y?
PF Employee
Please Kindly help me my dear HR Professionals.
Thanks and have a great Day!!!!!! :)

From India, Warangal
You should not show employers contribution in gross here.Pay slip is a leagl document. PF Act says that you shall not recover the employers contribution from employees.
I am using your slip here
Basic 6000
HRA 2000
Others 5000
Conveyance 2000
Emploer Contribution 720
Gross 15720
PT 200
PF Employee 720
Advance 2000
Loan 2000
Net 10800
The net comes to Rs 10800/
How much you will pay him? Rs 10800/ or Rs 10080/
Now you will ask me where is this 10080/ is coming from? You need to deposit employer's contribution to PF. Am I right?
Having shown this in Gross, you need to collect this amount from him and you will show this again as a dedcution which is illegal
Am I clarifying?

From India, Chennai
Dear Mr. Shiva,
Thank you for your valuable answer. Very helpful.
I should not mention employer's PF contribution in gross pay, right ?
Suppose, one of the employees pay is Rs.20,000. Below is the salary bifurcation for the same
Basic= 60%* 20,000= 12,000
HRA= 40%*12,000 =4,800
Travelling allowance= 800
Medical allowance= 767
Employer contri for PF= 13.61*12,000= 1633
Total gross pay= 20,000
PT= 200
Employee deduction for PF= 12%*12,000= 1440
Net salary= 16,727
Now, based on above calculation, should i show gross pay as 18,367 in salary slip ?
Please help me.

From India, Jamnagar
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