Understanding Salary Slip Components
Can anyone please tell me in detail what the meaning of all the different heads available in a salary slip is? 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)
Can anyone please tell me in detail what the meaning of all the different heads available in a salary slip is? 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)
Pay Slip Components
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)
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)
17CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Salary slip final.xls
Salary slip.doc