Salary slip or payslip is the proof of payment of salary that every employee will get in every month. Salary slip consists complete salary breakup of a particular employee in a particular month. We can easily find total earnings and total deductions of an employee. Here you can find simple salary slip format for small organisation and you can also download sample salary slip format in excel.
What Are The Components In Salary Slip
As we discussed earlier salary slip is the complete statement of a salary breakup of the employee for one month. It consists various contents like employee name, employee id, bank name, bank account number, date of joining, department, designation, total days, loss of paydays (LOP), present days, arrear days, earnings like basic salary, house rent allowance(HRA), conveyance allowances (CA), deductions like PF ,ESI, PT and net pay. Some pay slips consists leave details also.
Simple Salary Slip Format For Small Organisation
You can calculate your salary breakup by using above sample salary slip format in excel sheet.
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Some Important Points On Salary Breakup
Basic Salary = Minimum Wage or 40-50% Of Gross Salary
House Rent Allowance (HRA) = 20% Of Gross Salary
Conveyance Allowance (CA) = 1600 In Urban Areas
Other Allowances = Gross Salary – ( Basic + HRA + DA )
PF = 12% Of Employee Basic Salary
ESI = 1.75% Of Employee Gross Salary
The above is a simple salary slip format for small organisation, which will be useful to prepare salary slip formats for various organisations. Payslips formats vary from one organization to other organisations but the components are same. Nowadays employers are using payroll software which will generate pay slip pdf files automatically along with monthly salary statements.
Do share your opinions and doubts on simple salary slip format for small organisation in below comments section.