Format of Pay Slip

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Vinay (Querist)
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12 November 2008 Dear Sir
We are an IT company having an employee strength of 10, and paying Rs.7000pm as salary .Recently one of them asked for a pay slip for some vehicle loan purpose.Can anyone send me a copy of the same by which we can avoid tax.

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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12 November 2008 Pay slip is nothing but a statement listing the salary of employee under various categories (Basic, DA,HRA, Conveyance etc.,)and deductions made therefrom (towards ESIC, PF, TDS etc.,)and the net payment for any month.

Vinay

Vinay (Querist)
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12 November 2008 Thanks for your instant reply...but i am in need of a statement showing the same..is ther any specific percentages applicable for each heads

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