How Do I Structure a Salary Slip for Different Pay Packages? Urgent Help Needed!

Hi all,

I want to know how to make a salary slip and the breakdown of a salary, specifically the structure of a salary (basic, HRA, DA, allowance, ESI, PF). What should be the breakdown percentage? As per my understanding, 40% of a salary should be HRA, and I believe an allowance of around 800 or 900 should be suitable for a 9-12K package. But what should be the breakdown for a higher package?

Can anyone help me with this? It's very urgent and important for me. Please assist.

Thanks,
Rajesh J

Hi Rajesh, I am also an HR Executive and, according to my experience, the salary structure depends on CTC as well. The breakdown typically includes: HRA - 40% of salary, DA, Allowance - Depend on the company (usually around 10%), ESI - deducted for those individuals whose salary is below Rs. 10,000, PF - individuals usually opt to deduct a minimum of Rs. 6,500, but if they wish to deduct more than this amount, they need to fill out a form and specify the desired amount.

Tusha
tushakaushik1110@gmail.com

Hi Rajesh, you can create a salary slip in Excel format based on the salary structure provided below:

1. Basic
2. HRA
3. D.A
4. T.A
5. C.E.A
6. Medical Allowance
7. Special Allowance
8. Additional Allowance
9. News Paper & Book Reading Allowance
10. Overtime
11. Leave Encashment
12. Bonus
13. BP Allowance
14. EPF (only in CTC cases)
15. ESI (only in CTC cases)
16. Reimbursement, if any

Deductions:
- ESI if applicable
- EPF if applicable
- LWF if applicable
- TDS if applicable
- Any advances, etc.

Hi Kaushik and Sanjay,

Thank you for the information provided. I have one more question regarding PF and ESI deductions. What should be the employer and employee percentages in terms of deductions? For a package ranging from 7-10K, what would be the contribution from both sides?

Thank you,
Rajesh