Hi, I have joined a startup firm that is in the education/Edtech sector. The company is not generating revenue yet and sometimes pays salaries in cash. We have not registered for PF (Provident Fund) yet, so we are not providing salary slips.
Now, one of the employees is leaving the company and has asked me to provide him with salary proof so he can submit it to his next employer. How can I assist him with this?
Acknowledge(0)
Amend(0)
Now, one of the employees is leaving the company and has asked me to provide him with salary proof so he can submit it to his next employer. How can I assist him with this?
Acknowledge(0)Amend(0)
Importance of Providing Payslips
All establishments, whether a start-up or a well-established company, should provide payslips in accordance with the legal format. It is immaterial whether you have ESI or EPF registration. Therefore, you should issue payslips to the employees. In the absence of a system-generated payslip, you can prepare it in Excel or Word and provide it under the seal and signature of the company. The prescribed format of the payslip will be available on the official website of your state's labor department.
From India, Kannur
Acknowledge(0)Amend(0)
4526All establishments, whether a start-up or a well-established company, should provide payslips in accordance with the legal format. It is immaterial whether you have ESI or EPF registration. Therefore, you should issue payslips to the employees. In the absence of a system-generated payslip, you can prepare it in Excel or Word and provide it under the seal and signature of the company. The prescribed format of the payslip will be available on the official website of your state's labor department.
From India, Kannur
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
Employee Salary file - India 2016 AB.xls