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.
If you are an employer then it is always better to issue a simple salary slip format to your employees, so that they can easily understand their gross wage, gross deductions, and net salary details.
Along with salary components, it is better to include other details like employee id, bank account number, UAN, ESI number, etc.
Here you can find some simple salary slip formats in India 2021 for PVT Ltd Companies. which you can download in Excel (with & without formulas), Word, and PDF formats.
- For automatic calculation of your salary details, update fields filled with Yellow Colour, and remember professional tax slab rates different for each state
- If your actual gross salary is above 21,000 Rs then you are not eligible for ESIC, in that case, you can add a health insurance premium amount (500-1000 Rs) or you can leave this field.
Salary Slip Format 1
|Download the above salary slip format in Excel with formulas||Download|
|Excel Without Formulas||Download|
Salary Slip Format 2
|Download the above salary slip Excel format with formulas||Download|
|Excel without formulas||Download|
Salary Slip Format 3
|Download above payslip format in Excel with formulas||Download|
|Download Excel format without formulas||Download|
|Download Word format||Download|
|Download PDF format||Download|
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)|
Useful Salary Slip Formulas
|1||Net salary||Total Earnings – Total Deductions|
|2||Gross Wage||Basic wage + HRA + Coveyance + 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 salary slip whenever they want.
Salary slip/pay slip acts as an income proof, which is required for various loans and especially when you are trying to join in new with better salary package.
If you know some basic formulas of salary calculations, then you can easily verify your salary slip yourself. Otherwise take 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 pay slip then you can download above pay slip formats and update your salary details. (make sure the salary you mentioned in 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 last 3 months)
It is not a good idea, why because once you 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.