Hello All, I have query related to payslips while preparing the monthly payslip will there be variations in the breakup or not - or breakup will be the same only the deduction will show?
From India, Gurgaon
From India, Gurgaon
Hi,
I hope you referring variation due to loss of pay or new joiner joined in the middle of month.
Obviously based on the number of days worked variation will be there in the earned Gross.
For better understanding you can have 3 column in the payslip like
1) Fixed Gross with break-up ( which will not change unless other wise there is pay revision on year basis)
2) Earned Gross ( based on the number of days worked for the month) which will vary from fixed Gross incase of loss of pay / Employee joined in the middle of pay cycle. Accordingly all components will vary right Basic/HRA / Conveyance / other Allowances.
3) Deduction column : Statutory deductions like PF/ESI/PT/Income Tax will reflect here.
Net salary will be the amount which will be arrived after deducting the total deduction amount from the Earned Gross.
From India, Madras
951I hope you referring variation due to loss of pay or new joiner joined in the middle of month.
Obviously based on the number of days worked variation will be there in the earned Gross.
For better understanding you can have 3 column in the payslip like
1) Fixed Gross with break-up ( which will not change unless other wise there is pay revision on year basis)
2) Earned Gross ( based on the number of days worked for the month) which will vary from fixed Gross incase of loss of pay / Employee joined in the middle of pay cycle. Accordingly all components will vary right Basic/HRA / Conveyance / other Allowances.
3) Deduction column : Statutory deductions like PF/ESI/PT/Income Tax will reflect here.
Net salary will be the amount which will be arrived after deducting the total deduction amount from the Earned Gross.
From India, Madras
Hi thanks for response, Please check payslip attached by me and share your views. Not mentioned fixed breakup just payslip according to monthly basis. Is this right variation in monthly breakup after deduction.
From India, Gurgaon
From India, Gurgaon
Hi, While this is ok in principle you can add earned gross total which is missing.
From India, Madras
From India, Madras
The earned gross is 65000/- and then deduction for PF, Advance and TDS and then the net salary. The pay slip is not the right way of presentation. In the earned gross net earning is shown which is not right. There should be on column for actual earned gross, then deduction column and the difference between earned gross and deduction should be the net salary which is not reflecting in the pay slip.
S K Bandyopadhyay ( WB, Howrah)
CEO-USD HR Solutions
+91 98310 81531
USD HR Solutions – To Strive towards excellence with effort and integrity
From India, New Delhi
S K Bandyopadhyay ( WB, Howrah)
CEO-USD HR Solutions
+91 98310 81531
USD HR Solutions – To Strive towards excellence with effort and integrity
From India, New Delhi
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Payslip.xls
Payslip Format.docx