29
Thanks friends.....
we have got to se more than one salary slip....
now we have a fair idea of that...
but i wanted to know are HRA and other parts depend on the basic pay? how are they related?
--NIRANJAN RAI
From India, Calcutta
Acknowledge(0)
Amend(0)
0
0
we have got to se more than one salary slip....
now we have a fair idea of that...
but i wanted to know are HRA and other parts depend on the basic pay? how are they related?
--NIRANJAN RAI
From India, Calcutta
Acknowledge(0)Amend(0)CiteHR.AI
(Fact Checked)-The House Rent Allowance (HRA) and other components of a salary are typically calculated based on the employee's basic pay. The relationship between these components and basic pay helps determine the overall salary structure. (1 Acknowledge point)
0
0
hi dear' yaa i got it. so m sending salary slip.
From India, Delhi
Acknowledge(0)Amend(0)
0
0
From India, Delhi
Acknowledge(0)Amend(0)CiteHR.AI
(Fact Check Failed/Partial)-[response]
0
0
Thanks Amit, Here is my contibution... I felt the slips need to be neatly done... hope my format looks good
From India, Mumbai
Acknowledge(0)Amend(0)
0
0
From India, Mumbai
Acknowledge(0)Amend(0)CiteHR.AI
(Fact Check Failed/Partial)-The user reply is incorrect. It is important to note that the request was for a format of a pay slip/salary slip, not a commentary on the appearance of the slips. Providing a clear and accurate format is crucial for legal compliance and employee understanding.
0
0
Hello!
Usually the bifurcations are done in following manner:
Basic Salary : 40% of Gross salary (maximum limit is 40% of Gross Salary)
House Rent Allowance : 20% of Gross salary (must be 50% of basic salary)
City Compensatory Allowance : 20% of Gross salary
Conveyance Allowance : 10% of Gross salary
Medical Allowance : 5% of Gross salary
Other Allowances : 5% of Gross salary
Total : 100%
Exemption for I-Tax:
HRA
Conveyance
In case if you Co prefers medial reimbursements instead of medical allowances, medical reimbursements up to Rs. 12,500 is non taxable only against submition of bills.
Hope this is what you are looking for and it will help you to clear the doubt.
Pallavi R
From India, Mumbai
Acknowledge(1)Amend(0)
0
0
Usually the bifurcations are done in following manner:
Basic Salary : 40% of Gross salary (maximum limit is 40% of Gross Salary)
House Rent Allowance : 20% of Gross salary (must be 50% of basic salary)
City Compensatory Allowance : 20% of Gross salary
Conveyance Allowance : 10% of Gross salary
Medical Allowance : 5% of Gross salary
Other Allowances : 5% of Gross salary
Total : 100%
Exemption for I-Tax:
HRA
Conveyance
In case if you Co prefers medial reimbursements instead of medical allowances, medical reimbursements up to Rs. 12,500 is non taxable only against submition of bills.
Hope this is what you are looking for and it will help you to clear the doubt.
Pallavi R
From India, Mumbai
Acknowledge(1)Amend(0)CiteHR.AI
(Fact Check Failed/Partial)-[The information provided regarding the bifurcation of salary components is generally accurate but may vary based on company policies and applicable laws. It's essential to ensure compliance with local labor laws and tax regulations to determine the correct breakdown of salary components. Additionally, consulting relevant labor laws and tax guidelines would provide more clarity on the specific percentages and limits for each component.]
0
0
Dear Friends i am attached salary slip hope it is usefull to you manish
From India, Delhi
Acknowledge(0)Amend(0)
0
0
From India, Delhi
Acknowledge(0)Amend(0)CiteHR.AI
(Fact Check Failed/Partial)-The user's reply does not include attaching the salary slip as mentioned, which could lead to confusion. Kindly ensure to attach the requested document for clarity.
0
0
Hi, Find attached the Payslip Model Regards, Esther
From India, Madras
Acknowledge(2)
Amend(0)
0
0
From India, Madras
Acknowledge(2)Amend(0)CiteHR.AI
(Fact Check Failed/Partial)-The user reply does not include the Payslip Model as requested. Please provide the Payslip Model for accuracy.
0
0
Can anyone post a salary slip where the working days are 30 but paid days are 25 ( employee is absent for 5 days). How can i show the deductions. Can i show it directly on the deductions side or i have to cut it from the earnings structure ???
Please help,
Thank you.
From India, Mumbai
Acknowledge(0)Amend(0)
0
0
Please help,
Thank you.
From India, Mumbai
Acknowledge(0)Amend(0)CiteHR.AI
(Fact Checked)-The deductions for the absent days should be reflected under deductions, not deducted from the earnings directly. It's important to show all elements separately for transparency. Thank you. (1 Acknowledge point)
0
0
Al the payslips are help full but I stay in South Africa and we don't substract all the taxes and stuff like you do. Is there anyone in South Africa that can help me find a payslip that works with exel.
Please HELP
From South Africa, Johannesburg
Acknowledge(0)Amend(0)
0
0
Please HELP
From South Africa, Johannesburg
Acknowledge(0)Amend(0)CiteHR.AI
(Fact Check Failed/Partial)-The information provided in the user's reply is incorrect. In South Africa, taxes are deducted from employees' salaries, similar to other countries. It is essential to follow the appropriate tax regulations and payroll procedures.
0
0
Hi,
The HRA and Basic pay are connected for HRA Computation as explained below:
eg. your basic pay is Rs. 6000, HRA is Rs. 3000 and monthly rent paid by you @ Rs.2500/-. The HRA computation is worked out as follows:
HRA Computation
i) HRA received 36,000 ii) Rent paid 2500*12 30,000 ii) Rent paid Less 1/10 of salary 7,200 -------------- 22,800 iii) 2/5 of salary 28,800 Least of (i), (ii), (iii) is exempt 22,800
Regards,
Saraswathi
From India, Bangalore
Acknowledge(0)Amend(0)
0
0
The HRA and Basic pay are connected for HRA Computation as explained below:
eg. your basic pay is Rs. 6000, HRA is Rs. 3000 and monthly rent paid by you @ Rs.2500/-. The HRA computation is worked out as follows:
HRA Computation
i) HRA received 36,000 ii) Rent paid 2500*12 30,000 ii) Rent paid Less 1/10 of salary 7,200 -------------- 22,800 iii) 2/5 of salary 28,800 Least of (i), (ii), (iii) is exempt 22,800
Regards,
Saraswathi
From India, Bangalore
Acknowledge(0)Amend(0)CiteHR.AI
(Fact Check Failed/Partial)-The information provided on HRA computation is incorrect. The correct method involves different calculations based on HRA rules and regulations.
0
0
Engage with peers to discuss and resolve work and business challenges collaboratively - share and document your knowledge. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Join & Be Part Of Our Community.
Pay Slip Format.doc
CiteHR.AI
(Fact Checked)-This is a friendly reminder to always attach the format of the pay slip/salary slip when requested. (1 Acknowledge point)