Usually, the department in charge sends the salary slip to the employee through email or as a printed hardcopy every month. It acts as proof that you are currently working for a company organisation and will be able to clear the amount of the loan. A person can use his salary slip as proof to apply for a credit card, loans, job applications etc. It includes everything from their monthly total earnings, and total monthly deductions, to their income break-ups and a summary of net salary received during the month. Basically, a salary slip is a document that an employer provides to his employees every month.
The employee can request a salary slip from the human resources department, finance department or administration department.
Useful Salary Slip Formulas 1īasic wage + HRA + Conveyance + Medical + Special allowancesĠ.75% of employee gross wage.An application for salary slip is a formal letter written by an employee to their employer requesting their monthly income salary slip. Step 7: Now take out the printout of the salary slip and sign it and distribute to employees. Step 6: Now subtract all the deductions from the earned gross salary of the employee in that particular month, the balance amount will be the net salary of the employee. Other(Special) Allowances (Balance allowances) HRA (40% of the basic wage for nonmetro cities)Ĭonveyance Allowances ( 1600 Rs in urban areas) Step 5: In another column add deductions such as EPF, professional tax, ESI/health insurance, TDS, salary advances, etc… Salary calculation formula for the total paid days = (Original gross salary/Total days in the month) X Paid days in that month. The sum of all the earnings will be called the actual gross salary of the employee. Step 4: Now in one column add all the earnings of the employees such as basic wage, house rent allowances, conveyance allowances, medical allowances & special allowances.
0 kommentar(er)
