We have recently started a business with 10 employees. Currently, we are unable to open our PF. Could you please advise me on how to prepare salary slips for the employees? Additionally, what criteria should be considered for the salary breakup including Basic, HRA, etc.?
I look forward to your response.
Thanks & Regards,
Nandita
New Delhi
From India, Delhi
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I look forward to your response.
Thanks & Regards,
Nandita
New Delhi
From India, Delhi
Acknowledge(0)Amend(0)
Even for 10 employees, you can opt for EPF on a voluntary basis. If not, then you can go for the salary slips with the following headings: Basic, DA, HRA, Conveyance Allowance, Medical Allowance, Special Allowance, etc. Additionally, in deductions, you should show the Professional tax.
From India, Bangalore
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653From India, Bangalore
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Salary slip final.xls
Salary slip.doc
Salary & Compensation Guidelines.zip