Simple Salary Slip For The First Employee - DOCX Download

fllniks
Hello,
I have just started a company and need help to create a simple salary slip for one employee I have in the company.
a. Since I have less than 20 employees, I do not deduct for PF. Only amount that is deducted is for TDS and PT.
b. No HRA is deducted as the employee is not renting and lives in his own home.
c. What components needs to be necessarily there in a standard salary slip? For example, does need to include information about leaves etc.? The employee needs the salary slip for visa purpose, so I want to make sure I make an accurate salary slip.
Any help will be great. Thanks!
fc.vadodara@nidrahotels.com
It is not mandatory to give Leave records in Salary Slip, with regards to component it can be Basic, Conveyance, Medical Reimbursement, Uniform Allowance, Meal Allowance, Spl. Allowance, Mobile/Telephone Allowance etc.... as Earnings and Professional Tax and TDS as Deductions
harika07.kadavakollu
Dear Saji ,
Can i expect this Salary Structure in structured form i.e, on the basis of percentage for each category we give.
Regarrds
Harika Kadavakollu
fc.vadodara@nidrahotels.com
Basic (should not be less than 30% of Gross Salary)
HRA (50% of Basic)
Conveyance (upto Rs. 800/- p.m. Tax Free)
Medical Reimbursement (Upto Rs. 1250/- Tax Free)
Spl/Other Allowance (Balance Amount)
harika07.kadavakollu
Dear Saji ,
Thanks for the Analysis .I would like to know about Meal Allowance:
If we mention break up for meal allowance the same amount has to be deducted from the employee salary and is it taxable...?
or is it mandatory to issue food coupons without deducting the salary...?
Regards ,
Harika Kadavakollu
harika07.kadavakollu
Dear Saji,
Actually our Company not Providing any Meals but we are mentioning that in a salary breakup towards to employee concern because it is non taxable element .Instead of that we are providing a food coupons.
Regards
Harika K
fc.vadodara@nidrahotels.com
Any fixed Meal Allowance is fully taxable, it is not non taxable element.
Kiruthika V.N
Hi,
Please find the template attached. Hope it is useful.
Regards,
Kiruthika
1 Attachment(s) [Login To View]

If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute