I am in a startup company there is no hr manager to take the advice I am the only 1 admin & the hr executive handles the salary attendance part. My query is our company is hard of 3-5 ppl currently so CA said currently there is only P.tax deduction no need of salary structure eg. basic, hra etc directly you can make a slip in earnings show a fixed salary of the month, Earned salary, the deduction is it fine format?
EXAMPLE:
Aug month salary:
Fixed salary - 35000 (Actual monthly package)
Earned salary - 31613 (Amount After deduction of late marks,lop's/Lwp's)
PT - 200
Total deductions 200
Net salary = 31413
EXAMPLE:
Aug month salary:
Fixed salary - 35000 (Actual monthly package)
Earned salary - 31613 (Amount After deduction of late marks,lop's/Lwp's)
PT - 200
Total deductions 200
Net salary = 31413