A salary slip can be generated by dividing monthly gross salary into different heads of earnings and deductions. The earnings could be basic salary and a variety of allowance like Dearness allowance, conveyance allowance, house rent allowance, Leave travel allowance, telephone allowance, medical allowance, uniform allowance, computer allowance, servant allowance etc . The deduction could be under the head of EPF, House Rent Recovery, Festival Advance Recovery, Loan recovery for any purpose sanctioned by the company etc etc . The apportionment on these heads depend on company decision in this regard and so you need to have definite policy in this regard before sitting down to make salary slip. In case you need help to draft a company policy for such allowances, you can seek guidance from the experts here.