Payslip suggestion - can I add HRA, Basic& allowances in the payslip?

I am Keerthi working as an hr in a startup IT company don't have any payslip format and DA, HRA, PF, ESI etc like we having only professional Tax can u plz guide me with that how can i make a payslip. can I add HRA, Basic& allowances in the payslip?

Hi Keerthi
You can add all the contributions in Payslips such as Basic, DA, HRA, Conveyance Allowance, Medical Allowance, Food allowances etc as Credits & as part of debits such as PT, TDS etc. If you have enrolled with ESI & EPF even those can be added to the debits

hi keerthi...u can include particulars for income as (Basic,DA,Conveyance,Education.etc allownces) & particulars for deduction as(PT,TDS,EPF(if enrolled)) to payslip....

As per Minimum wages act, 1948, you are supposed to provide the payslips to every employee as per the prescribed format in form 11. Payslips should have the below information.
Form XI
Wage slip
Rule 26(2)
Name of the establishment:
Place / Location:
1. Name of the employee:
Father/husband name:
2. Designation:
3. Wage period:
4. Rate of wages: a. Basic, b. DA, c. other allowances if any
5. Total Attendance
6. Overtime wages:
7. Gross payable:
8. Total deductions:
9. Net wages paid:
Pay incharge Employees signature:

Dear Keerthi,
There are two aspects of Pay Slip. One is due to statutory/legal compliance, the other is to maintain the salary slip contents in a Tax friendly manner. You have not stated minimum-maximum amount of salary.
If salary of most staff is under taxable limit. You can add Medical Allowance also. You can start some re-imbursement, LTA, Vehicle Fuel/Maintenance policy. This will reduce the Tax liability of individuals.
Note Conveyance Allowance of Rs. 1600/pm is tax free. Similarly there are certain limit for HRA also.
Before regulating the contents in the slip, pls analyze the tax limit/rebates also for each item. Since Salary Slip format is a strategic and long term decision, moreoverit involve Statutory and Legal aspects. So it is advisable to have proper Home Work keeping in view all the points.
Being a professional HR person don’t take any decision which u need to revert in future (at least due to your mistake/s.

Where on earth one gets a spelling like SUJJESTION ! OMG ...Keerthi.... you are in HR and in an IT company....How could you manage to pass, unless your teachers too have this spelling weakness !!

Hi sundaram,
Its a typing mistake .. ... who the hell are you to say something about my teacher. as i did mistake just say me like bcz i did mistake .As You are Soft skill Trainer this is the way you will teach your students in a criticising manner . Plz try to respect others, if not don't judge others .

Seeing the spelling mistakes,improper english,SMS language,I refrained from giving any suggestions.
Being a purely professional forum and that too of HR people,I expect posters will use spell check,write grammatical English and convey their queries appropriately.
The quality of forum depends on efforts put in by all members to put in queries,get answers and enhance knowledge in all round manner.