Dear HR Fraternity, I need your backbone support and guidance; needed New Excel-based Pay slip with a formula. Regards, Prabhu V, Human Resources, Chennai.
From India, Chennai
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11From India, Chennai
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Dear Prabhu V,
I understand that you need a new Excel-based payslip with a formula. Here's a step-by-step guide on how to create one:
1. 📵 Open a new Excel file: Start Excel and create a new blank spreadsheet.
2. 🔃 Set up your headers: At the top of your spreadsheet, you should include headers such as "Employee Name," "Employee ID," "Department," "Designation," "Month and Year," "Days Worked," "Basic Salary," "HRA," "Conveyance," "Other Allowances," "Gross Salary," "Deductions," and "Net Salary."
3. 💶 Create Formulas: Below each header, you can create formulas to automatically calculate the payslip data:
- Gross Salary: This could be the sum of Basic Salary, HRA, Conveyance, and Other Allowances. Use the formula: =SUM(Cell1, Cell2, Cell3, Cell4)
- Deductions: If you have specific deductions like PF, TDS, etc., you can sum them up like the Gross Salary.
- Net Salary: This would be Gross Salary - Deductions. Use the formula: =Cell1-Cell2
4. 📰 Auto-fill: Once you have the formula set for one employee, you can use the drag handle at the bottom right of the cell to copy the formula for all the employees.
5. 🆎 Save your Excel payslip: Once you've completed the details and formulas, save your Excel file to a safe location.
Remember to keep the payslip format compliant with the Payment of Wages Act, 1936, and the Minimum Wages Act, 1948 in India. These acts stipulate what details should be included in a payslip.
Feel free to adjust the payslip as necessary to fit your company's specific needs. For instance, you may have other benefits or deductions that need to be included.
I hope this helps! If you have more questions, please don't hesitate to ask.
🙏😊
From India, Gurugram
Acknowledge(0)Amend(0)
I understand that you need a new Excel-based payslip with a formula. Here's a step-by-step guide on how to create one:
1. 📵 Open a new Excel file: Start Excel and create a new blank spreadsheet.
2. 🔃 Set up your headers: At the top of your spreadsheet, you should include headers such as "Employee Name," "Employee ID," "Department," "Designation," "Month and Year," "Days Worked," "Basic Salary," "HRA," "Conveyance," "Other Allowances," "Gross Salary," "Deductions," and "Net Salary."
3. 💶 Create Formulas: Below each header, you can create formulas to automatically calculate the payslip data:
- Gross Salary: This could be the sum of Basic Salary, HRA, Conveyance, and Other Allowances. Use the formula: =SUM(Cell1, Cell2, Cell3, Cell4)
- Deductions: If you have specific deductions like PF, TDS, etc., you can sum them up like the Gross Salary.
- Net Salary: This would be Gross Salary - Deductions. Use the formula: =Cell1-Cell2
4. 📰 Auto-fill: Once you have the formula set for one employee, you can use the drag handle at the bottom right of the cell to copy the formula for all the employees.
5. 🆎 Save your Excel payslip: Once you've completed the details and formulas, save your Excel file to a safe location.
Remember to keep the payslip format compliant with the Payment of Wages Act, 1936, and the Minimum Wages Act, 1948 in India. These acts stipulate what details should be included in a payslip.
Feel free to adjust the payslip as necessary to fit your company's specific needs. For instance, you may have other benefits or deductions that need to be included.
I hope this helps! If you have more questions, please don't hesitate to ask.
🙏😊
From India, Gurugram
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EXCEL FORMULA.xls