Salary Slip/ Pay Slip consists of three parts, first part
consists of your personal details like company name, employee name, bank a/c no
& name, PF a/c no, days of work etc. Second part contains your salary
components like Basic pay, HRA, Conveyance allowance, etc, and deductions like
provident fund, ESIC (it is optional and applicable for those whose annual
income is less than Rs.100000/-). Third and last part contains your attendance which includes
days in month, absent days and days paid.
Salary Structure
Earnings:
Basic Salary:
House Rent Allowance: X % of Basic, in this case it is 60%
of Basic Salary, i.e. 60% of 2700/- which amounts to 1755/- . **HRA depends upon the city you are working
in.
Conveyance:
Personal Allowance:
Deductions:
Provident Fund: 12% of Basic (in this case it is 324).
ESIC: (Optional).
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