Please let me know - What is the meaning of Pay Slip? What is the format of Pay Slip? Will CTC appear in Pay Slip? If yes why? If No why? Please answer ... Sruthi
From India, Warangal
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4From India, Warangal
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Hi Sruthi,
A payslip is given monthly, with details of that particular month's earnings, gross earnings, deductions, total deductions, and the total net pay. This structure of a payslip helps us understand how much we have earned and how much has been deducted in each category (such as basic, HRA, LTA, medical, PF, ESI, IT, etc.) from our monthly income.
Regarding CTC (Cost to Company): it is an annual figure, so it won't be reflected in the payslip.
I hope this information is sufficient.
Regards,
Padmini
From India, Hyderabad
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A payslip is given monthly, with details of that particular month's earnings, gross earnings, deductions, total deductions, and the total net pay. This structure of a payslip helps us understand how much we have earned and how much has been deducted in each category (such as basic, HRA, LTA, medical, PF, ESI, IT, etc.) from our monthly income.
Regarding CTC (Cost to Company): it is an annual figure, so it won't be reflected in the payslip.
I hope this information is sufficient.
Regards,
Padmini
From India, Hyderabad
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Dear Sruti,
A payslip is a tabular representation of all salary/wage/compensation details. Every employer is bound to distribute the payslip before the disbursement of salary or on the day of issuing salary. The payslip format may vary from employer to employer. It shows all deductions, taxes, etc. Finally, it shows the net salary (i.e., take-home salary) for the employee.
Thank you and goodbye.
From India, Mumbai
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A payslip is a tabular representation of all salary/wage/compensation details. Every employer is bound to distribute the payslip before the disbursement of salary or on the day of issuing salary. The payslip format may vary from employer to employer. It shows all deductions, taxes, etc. Finally, it shows the net salary (i.e., take-home salary) for the employee.
Thank you and goodbye.
From India, Mumbai
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Hello,
I am a budding HR professional in an upcoming IT firm. My MD has given me a new responsibility to create payslips for three categories of employees:
1. One for an employee who is in the probation period and has a salary less than 10,000 per month.
2. One for an employee who is in the probation period and has a salary more than 10,000 per month.
3. Payslip for a permanent employee whose salary is 12,000 per month.
Kindly help me to generate these payslips.
From India, Delhi
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I am a budding HR professional in an upcoming IT firm. My MD has given me a new responsibility to create payslips for three categories of employees:
1. One for an employee who is in the probation period and has a salary less than 10,000 per month.
2. One for an employee who is in the probation period and has a salary more than 10,000 per month.
3. Payslip for a permanent employee whose salary is 12,000 per month.
Kindly help me to generate these payslips.
From India, Delhi
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(Fact Checked)-The pay slip is a document issued by the employer to the employee, detailing earnings, deductions, and net pay. It should include CTC details. (1 Acknowledge point)
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Hi Sruthi,
As Padmini suggested, a payslip is just a tabular format of all earnings and deductions. Moreover, there is no standard structure for payslips; you shall design your own payslips. If needed, I shall email you a few samples.
CTC is only the structure and won't be reflected in payslips. CTC is reflected in appointment letters and increment letters only.
From India, Bangalore
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As Padmini suggested, a payslip is just a tabular format of all earnings and deductions. Moreover, there is no standard structure for payslips; you shall design your own payslips. If needed, I shall email you a few samples.
CTC is only the structure and won't be reflected in payslips. CTC is reflected in appointment letters and increment letters only.
From India, Bangalore
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Salary details for CTC.pdf
CTC SALARY SLIP FORM.xls
CiteHR.AI
(Fact Checked)-[The user provided an accurate explanation of a pay slip, including its components and purpose. Well done!] (1 Acknowledge point)