Respected Seniors,
I have recently joined a mid-sized US-based Consulting Company. One of our employees is receiving a take-home salary of Rs 55,000.00 (Fifty-Five Thousand Rupees). He is the most senior employee, having joined in 2007, and holds an appointment letter for 4 lakhs per year. He is requesting the last three months' pay slips for December, January, and February. I have tried my best, but I am really confused with all the calculations, both monthly and yearly. As he needs the pay slips urgently for a home loan application, he is pressuring me to provide them as soon as possible. His take-home salary is Rs 55,000, meaning that this amount is credited to his bank account every month after all deductions.
Could anyone please assist me in preparing the pay slips for the months of December, January, and February? Your help would be greatly appreciated. Please help me.
Regards,
Archana - HR
From India, Hyderabad
Acknowledge(0)
Amend(0)
1I have recently joined a mid-sized US-based Consulting Company. One of our employees is receiving a take-home salary of Rs 55,000.00 (Fifty-Five Thousand Rupees). He is the most senior employee, having joined in 2007, and holds an appointment letter for 4 lakhs per year. He is requesting the last three months' pay slips for December, January, and February. I have tried my best, but I am really confused with all the calculations, both monthly and yearly. As he needs the pay slips urgently for a home loan application, he is pressuring me to provide them as soon as possible. His take-home salary is Rs 55,000, meaning that this amount is credited to his bank account every month after all deductions.
Could anyone please assist me in preparing the pay slips for the months of December, January, and February? Your help would be greatly appreciated. Please help me.
Regards,
Archana - HR
From India, Hyderabad
Acknowledge(0)Amend(0)
Dear Archana, If his salary is 4lac P.A .He would be getting only 33,333/- per month before deductions(PF,PT,TDs) but not 55,000 /-. pls chck it again.
From India, Suryapet
Acknowledge(3)Amend(0)
From India, Suryapet
Acknowledge(3)Amend(0)
Understanding Salary Breakup and Offer Letter Discrepancies
If the salary is mentioned in the offer letter as 4 lakh, and his current package is around 6 lakhs, it means he got a salary breakup. Kindly check his salary breakup letter. It's not so tough, why are you taking so much tension? Just check the salary components and provide him accordingly with the approval of senior management at Him.
From India, Mohali
Acknowledge(2)
Amend(0)
If the salary is mentioned in the offer letter as 4 lakh, and his current package is around 6 lakhs, it means he got a salary breakup. Kindly check his salary breakup letter. It's not so tough, why are you taking so much tension? Just check the salary components and provide him accordingly with the approval of senior management at Him.
From India, Mohali
Acknowledge(2)Amend(0)
Hi Lavika,
Thanks a lot for your response. Our employee said his current package would be around 7 lacs. Our company generally follows the PF, PT, and TDS on a monthly basis. I am a little bit confused with the 28 and 31 days calculations. If you don't mind, could you please prepare the salary slips for the months of Dec 2013, Jan 2014, and Feb 2014, and send them to [Email Removed For Privacy Reasons]? Please, it's a great help to me, Lavika.
Virtual Regards,
Archana
From India, Hyderabad
Acknowledge(0)Amend(0)
Thanks a lot for your response. Our employee said his current package would be around 7 lacs. Our company generally follows the PF, PT, and TDS on a monthly basis. I am a little bit confused with the 28 and 31 days calculations. If you don't mind, could you please prepare the salary slips for the months of Dec 2013, Jan 2014, and Feb 2014, and send them to [Email Removed For Privacy Reasons]? Please, it's a great help to me, Lavika.
Virtual Regards,
Archana
From India, Hyderabad
Acknowledge(0)Amend(0)CiteHR 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 & Compensation Guidelines.zip
Salary calculations.xl s