Salary slip is also called Payslips. Salary slips consist of the salary details of the employees, which include earnings like basic wage, HRA, Conveyance allowances, medical allowances, special allowances, and deductions like EPF, professional tax, TDS, loan recovery details.
Here are some simple salary slip formats for private companies which you can download in Excel, Word, and PDF formats.
Salary Slip Format 1
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Salary Slip Format 2
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Salary Slip Format 3
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Salary Slip Format India without PF and ESI in Excel
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Latest Salary Slip Formats
How to Create a Salary Slip in Excel
Step 1: To create a salary slip/pay slip open a new Excel sheet and write your company name, address, and payslip month & year in the first three rows of the Excel file.
Step 2: Now enter employee general details like name, designation, department, date of joining, gross salary, bank details, and any other required information as per your choice.
Step 3: Now enter the number of days in the month, and LOPs (Loss of Paydays) of the employee. To calculate total paid days subtract LOPs from total days in the month.
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. Calculate them based on total paid days. The sum of all the earnings will be called the actual gross salary of the employee.
Salary calculation formula for the total paid days = (Original gross salary/Total days in the month) X Paid days in that month.
Step 5: In another column add deductions such as EPF, professional tax, ESI/health insurance, TDS, and salary advances, etc…
Important Components on Salary Slip
|1||Basic Wage (40-50% of Gross Wage)||EPF (12% of basic wage)|
|2||HRA (40% of the basic wage for nonmetro cities)||Professional Tax|
|3||Conveyance Allowances ( 1600 Rs in urban areas)||TDS|
|4||Medical Allowances (1250 Rs)||Health Insurance / TDS|
|5||Other(Special) Allowances (Balance allowances)|
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.
Step 7: Now take out the printout of the salary slip and sign it and distribute to employees.
Useful Salary Slip Formulas
|1||Net salary||Total Earnings – Total Deductions|
|2||Gross Wage||Basic wage + HRA + Conveyance + Medical + Special allowances|
|3||EPF||12% of the basic wage of the employee.|
|4||ESI||0.75% of employee gross wage. ( ESI applicable if gross is above 21,000₹)|
|5||CTC||Gross wage + Employer PF Contributions + Other Benefits Given by Employer|
You can get your salary by asking your employer, it is the right of every employee to get a salary slip whenever they want.
Salary slip/pay slip acts as income proof, which is required for various loans and especially when you are trying to join in new with a better salary package.
If you know some basic formulas of salary calculations, then you can easily verify your salary slip yourself. Otherwise, take the help of anyone who knows about it.
Yes, HRs will definitely verify your salary details. It is their duty to verify the salary details of the existing employee and new joiners ( during background verification)
You can edit your salary slip in excel or PDF formats. But don’t manipulate your salary details on your payslips, it may cause problems.
If you don’t have any payslip then you can download the above payslip formats and update your salary details. (make sure the salary you mentioned in the payslip should match with the salary credited in your bank account).
Or Take help from your company HR or Account department.
Yes, they will see your old salary. For that, they will ask you to submit your previous company payslips. (At least for the last 3 months)
It is not a good idea, why because once you are selected then they will ask you to submit your previous job pay slips.
You can show your bank statement, or form 16, your job offer letter or appointment letter.
- Payslip format for 30,000 Rs per month
- Payslip format for 25,000 Rs per month
- Salary slip format for 15,000 Rs per month
- Can my new employer see my previous salary details using UAN.