Lumpsum Cash Salary, How To Prepare Salary Slip?

your breakup for 5000 salary
basic 2000(40% of gross)
HRA 1000(50% as you are in metro)
conv 800
special allowance 960
decuction PF 240
total 5000
correct me if i am wrong

Hi imok, can you explain why you put PF deduction? My firm has 5 people and therefore, no PF .. right?

pf is applicable
1. If your Basic plus DA is 6500 or less
2. If your age less than 58 years
attribution https://www.citehr.com/258537-pf-eli...#ixzz1rKkzQvfV

pf and epf is same right? no compulsion for epf for less than 10 employees according to this site: EPFO

may be you are right there is no compulsion, but it is required for employees future security, anyways you can use following breakup, just increase amount in spcl alwnc, or if you want to show deduction put that pf amount in insurance deduction

Dear
First of all, you have to see whether you are getting minimum wages as per your designation. You have to see the minimum wages GO and accordingly you have to mention basic plus DA as the per the gezette and remaining if you have any balance of amount that can be kept in some other heads.
Suppose you say minimuw wage is 3800 and DA 800
In your case Basic 3800
DA 800
conveyance 400.
However, i do not hope that you are not getting minimum wages. Now a days minimum wages are almost higher side of Rs.5000/-

EPF attracts on employees goes 20 or more on any month preceding 12 months.
You may follow list given by Vikram, you have to deduct PT - Professional Tax, check out the slab with your CA. and mention in salary slip this deduction.
Dilip

But professional tax is applicable for monthly salary of 5001 and higher.
So there is no EPF, no PTax and no TDS.
So can 'deductions' in salary slip look like this:
EPF-0
PT-0
TDS-0
Or does it look weird?

make sure your are not getting lower than minimum wages, but deduction can be done for insurance.

Hi again imok,
Can you explain the insurance deduction? What steps do I have to take for that?