Hi all, I have newly joined a new firm and need to take care of all HR activities. My MD has asked me to make salary slips for employees whose salary is $10,000. Please provide me with knowledge on preparing payslips.
Regards, Sandip
From India, Hyderabad
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Regards, Sandip
From India, Hyderabad
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Dear Sandip, Please find the salary slip format attached.
From India, Bhubaneswar
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138From India, Bhubaneswar
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If the salary is Rs. 10,000/-, the breakdown is as follows:
Basic Salary
- 40% of 10,000 = Rs. 4,000 (50% of basic in case of metro cities)
HRA
- 40% of Basic = Rs. 1,600
Conveyance
- Rs. 800 (fixed)
Special Allowance
- Rs. 3,600 (remaining amount)
Deductions
- PF - 12% of Basic = Rs. 480
- ESIC - 1.75% of gross = Rs. 175
- Professional Tax - Rs. 80
Regards,
Kumar
From India, Bangalore
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Basic Salary
- 40% of 10,000 = Rs. 4,000 (50% of basic in case of metro cities)
HRA
- 40% of Basic = Rs. 1,600
Conveyance
- Rs. 800 (fixed)
Special Allowance
- Rs. 3,600 (remaining amount)
Deductions
- PF - 12% of Basic = Rs. 480
- ESIC - 1.75% of gross = Rs. 175
- Professional Tax - Rs. 80
Regards,
Kumar
From India, Bangalore
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I have a query. If someone is on leave for 10 days (without pay), does the basic salary change or does it remain the same? I mean, if someone's salary is $10,000 and the basic salary is $4,000, then what happens on leave without pay days? How do we calculate the working days' salary?
Regards,
Meena
From India, Delhi
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Regards,
Meena
From India, Delhi
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Salary is calculated based on the number of days present at work; this also applies to the Basic salary, which will vary depending on the number of days worked.
Example Calculation
Here's a short example:
- Basic salary: 10,000
- Total days: 31
- Days worked: 20
- Days absent: 11
Calculation:
Basic salary = 10,000 / 31 * 20 = 6,451.61
I hope this clarifies your doubt. For further clarification, please revert to us.
Regards.
From India, Bhubaneswar
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Example Calculation
Here's a short example:
- Basic salary: 10,000
- Total days: 31
- Days worked: 20
- Days absent: 11
Calculation:
Basic salary = 10,000 / 31 * 20 = 6,451.61
I hope this clarifies your doubt. For further clarification, please revert to us.
Regards.
From India, Bhubaneswar
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SALARY SHEET CALCULATION.xls
Salary calculation.doc
Salary & Compensation Guidelines.zip