Hi all,
Can anyone please tell me in detail what is the meaning of all the different heads that are available in a salary slip? Also, could you tell me if there are any rules to calculate what proportion of HRA and other allowances should be in relation to the Basic salary?
Thanks,
Samir Shah
From India, Delhi
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Can anyone please tell me in detail what is the meaning of all the different heads that are available in a salary slip? Also, could you tell me if there are any rules to calculate what proportion of HRA and other allowances should be in relation to the Basic salary?
Thanks,
Samir Shah
From India, Delhi
Acknowledge(0)Amend(0)
Hi Samir,
Pay slip contains the following items:
Basic: 45% of Gross Salary.
HRA: 40% - 50% of Basic (depending on the cities)
Conveyance: 800 (fixed)
Medical Allowance: 800 (fixed)
Special Allowance: as per the company norms
EPF: Employee (12% of Basic) and Employer (12% of Basic) Contribution
ESI: Employee (1.75% of Gross Salary) and Employer (4.75% of Gross Salary) Contribution
Thanks,
Yogi
From India, Hyderabad
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Pay slip contains the following items:
Basic: 45% of Gross Salary.
HRA: 40% - 50% of Basic (depending on the cities)
Conveyance: 800 (fixed)
Medical Allowance: 800 (fixed)
Special Allowance: as per the company norms
EPF: Employee (12% of Basic) and Employer (12% of Basic) Contribution
ESI: Employee (1.75% of Gross Salary) and Employer (4.75% of Gross Salary) Contribution
Thanks,
Yogi
From India, Hyderabad
Acknowledge(0)Amend(0)
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Salary slip final.xls
Salary slip.doc