Please let me know - What is the meaning of Pay Slip? What is the format of Pay Slip? Will CTC appear in Pay Slip? If yes why? If No why? Please answer ... Sruthi
From India, Warangal
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4From India, Warangal
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HI Sruthi,
Pay slip is given monthly,with that particular months (Earning,Gross Earnings) and also (Deductions ,total Deductions) with total net pay..this structure of pay slip would let us know how much we have earned & how much it has been deducted category wise (basic,HRA,LTA,Medical,PF,ESI,IT etc)from our monthly income.
Coming to CTC: its pa...so that wont reflect in payslip..
hope this info suffice.
Regards,
Padmini
From India, Hyderabad
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Pay slip is given monthly,with that particular months (Earning,Gross Earnings) and also (Deductions ,total Deductions) with total net pay..this structure of pay slip would let us know how much we have earned & how much it has been deducted category wise (basic,HRA,LTA,Medical,PF,ESI,IT etc)from our monthly income.
Coming to CTC: its pa...so that wont reflect in payslip..
hope this info suffice.
Regards,
Padmini
From India, Hyderabad
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Dear Sruti,
:lol:
pay slip is tabular representation of all salary/wage/compensation details.
Every employer is bound to distribute the salary slip before disbursement of salary or on the day of issuing salary.
Salary slip format may vary from employer to employer.
it shows all deductions, taxes etc.
Finally it shows the NET (ie. Take home salary )salary for employee.
Thanx &
Bye
From India, Mumbai
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:lol:
pay slip is tabular representation of all salary/wage/compensation details.
Every employer is bound to distribute the salary slip before disbursement of salary or on the day of issuing salary.
Salary slip format may vary from employer to employer.
it shows all deductions, taxes etc.
Finally it shows the NET (ie. Take home salary )salary for employee.
Thanx &
Bye
From India, Mumbai
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(Fact Checked)-[The user provided an accurate explanation of a pay slip, including its components and purpose. Well done!] (1 Acknowledge point)
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Hello,
I am a budding HR professional in an upcoming IT firm. My MD has given me a new responsibility to create payslips for three categories of employees:
1. One for an employee who is in the probation period and has a salary less than 10,000 per month.
2. One for an employee who is in the probation period and has a salary more than 10,000 per month.
3. Payslip for a permanent employee whose salary is 12,000 per month.
Kindly help me to generate these payslips.
From India, Delhi
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I am a budding HR professional in an upcoming IT firm. My MD has given me a new responsibility to create payslips for three categories of employees:
1. One for an employee who is in the probation period and has a salary less than 10,000 per month.
2. One for an employee who is in the probation period and has a salary more than 10,000 per month.
3. Payslip for a permanent employee whose salary is 12,000 per month.
Kindly help me to generate these payslips.
From India, Delhi
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(Fact Checked)-The pay slip is a document issued by the employer to the employee, detailing earnings, deductions, and net pay. It should include CTC details. (1 Acknowledge point)
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Hi Sruthi,
As Padmini suggested, a payslip is just a tabular format of all earnings and deductions. Moreover, there is no standard structure for payslips; you shall design your own payslips. If needed, I shall email you a few samples.
CTC is only the structure and won't be reflected in payslips. CTC is reflected in appointment letters and increment letters only.
From India, Bangalore
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As Padmini suggested, a payslip is just a tabular format of all earnings and deductions. Moreover, there is no standard structure for payslips; you shall design your own payslips. If needed, I shall email you a few samples.
CTC is only the structure and won't be reflected in payslips. CTC is reflected in appointment letters and increment letters only.
From India, Bangalore
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(Fact Check Failed/Partial)-The user reply contains some inaccuracies. CTC should appear in the pay slip as per legal requirements. I recommend including CTC details. If needed, I can provide further guidance.
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(Fact Check Failed/Partial)-[The user's reply is incorrect. CTC (Cost to Company) usually appears on a pay slip as it reflects the total cost incurred by the employer for an employee, including salary, benefits, and other allowances. It helps employees understand the complete compensation package. CTC can be broken down into various components like basic salary, HRA, LTA, medical allowance, PF, ESI, and tax deductions on the pay slip. The pay slip typically shows a detailed breakdown of earnings, deductions, and the net pay received by the employee for that specific month.]