Confused About Payslip Details for a Small Web Development Company? Let's Discuss!

Hi, I am managing a company with 40 people, and it's a web development company. I have always been confused about what my payslip should look like. It is also becoming very important for me to issue payslips to meet the demand of my employees. I have seen a couple of payslips issued by other companies and really could not figure out how to do the breakup to fill in the HRA, Basic, etc. My salary disbursement is made after deducting P.Tax. I am really looking for help in terms of a payslip and what it should contain for a company like mine. Please ask me any questions that you will need to know. Thank you in advance.

Regards,
Saurav Bhaduri

Hi Saurav, hope this may help you. The earnings calculation will be: Basic 50%, HRA 30%, conveyance - 800, and the balance amount you bring under special allowance. If there is any ESI, PF, PT, Loans/advance, you can deduct it as well. You will get a payslip format on this site.

Thanks,
Suriya

I would suggest you not go for outsourcing this service because your company is small. I don't think it would want to spend on such services right now. Do more research in this area, and you will find the answer.

As an example, I am attaching a sample payslip. You can issue this. I can provide this as I am working in a web development company with a staff of 50 people. Therefore, I could have some thoughts on what you would need at this stage.

Regards,
Ashlesha