Understanding Pay Slip Structure for Student Counselors in IT Training Firms: What Should Be Included?

Hi,

Our company is a "Proprietary Firm" specializing in IT training. We are currently looking to hire a student counselor. Could you please provide information on the payslip structure, including details on fixed and variable pay?

Thanks,
Santosh

Hi all,

This is regarding the payslip structure with different components of a payslip.

Q1) What are the mandatory components of a payslip for a "Proprietary Firm"?

Q2) Is there any statutory rule about what should be the percentage of each of the components compared to BASIC? What should be the percentage of HRA, Travel Allowance, etc.?

Please let me know.

Thanks,
Santosh