How Do You Create a Payslip for Hourly Contract Workers and What Benefits Apply?

I need to know the process of creating a payslip for contract employees who work on an hourly basis. Do they receive HRA, basic pay, EPF, and ESI benefits? Could you please advise on how to accurately prepare a payslip for these employees?

First of all, I would like to understand the below-listed points:
- What is the nature of the work/job? Is it white-collar or blue-collar?
- Is the work on an hourly basis? Have you defined the number of hours per week/month?
- How is the pay cycle structured?
- What is the pay method employed?
- In which bracket are the payments being made?

Based on the aforementioned points, I will be able to provide suggestions. It is imperative to ensure that salary slips are distributed to all employees as it is beneficial from both individual and organizational standpoints. Below are the components that can be included:
- Basic
- HRA
- Conveyance
- Allowances (Medical/LTA/Telephone, etc.)
- Project/Special Allowance
- PF
- ESI (if applicable)

I hope this information is helpful.

Regards,
Jeevan K Dash