SALARY (PAY) SLIP

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Good day to All...

One of my client asking me Pay slip format based on minimum wage act (TN). He want format as per TN wages act and pay component's percentage...

For Example one employee salary Rs 16000/-. we want to split it as
- 1.BASIC
- 2.DA
- 3. OTHER ALLOWANCES
- 4. TOTAL (1+2+3)
- 5.ESI
- 6. EPF
- 7.OTHER DEDUCTION
- 8.NET SALARY (4 - (5+6+7)
Please Note : In case my given pay components is wrong then please give correct pay components and it's percentage wise pay out...

Thanks & Regards
Raja P M
Replies (1)

Potential Flaws / Improvements:

  1. Clarity on Applicability of Minimum Wages Act:

    • The Tamil Nadu Minimum Wages Act sets the minimum basic wage, but allowances and deductions may vary based on company policy or other laws (like ESI, EPF rules). It might help to clarify whether you want a strictly statutory-compliant salary slip or just a best practice format aligned with the act.

  2. DA Applicability:

    • DA (Dearness Allowance) is typically applicable to government employees or employees covered under certain industrial agreements. It might not always be applicable under all private company payrolls or minimum wage acts. Clarifying this could avoid confusion.

  3. Other Allowances:

    • The term “Other Allowances” is generic. It would be better to specify common types like HRA (House Rent Allowance), Conveyance, Special Allowance, etc., or ask for the most common components in Tamil Nadu.

  4. Statutory vs Non-Statutory Components:

    • You could explicitly ask for a separation of statutory components (like ESI, EPF) and non-statutory components (like advance recovery, loan deductions).

  5. Percentage Breakdown Request:

    • The percentages might vary from industry to industry and employee to employee. It might help to ask for “typical or recommended” percentage ranges rather than fixed percentages.

  6. ESI and EPF Limits:

    • It might be helpful to mention if the salary of Rs. 16,000/- is above or below thresholds for ESI/EPF applicability, as these have salary limits under which the deductions apply.

  7. Formatting and Tone:

    • The phrase “One of my clients asking me” can be slightly improved to “One of my clients has requested…” to sound more polished.

  8. Signature and Branding:

    • The tagline “Do the Right Thing…!!!” is casual and motivational but could be perceived as informal depending on the audience. Depending on who you’re addressing (peers vs clients), you might want to adjust this.


Summary:

Your message is quite clear and well-structured already, but clarifying these finer points will help respondents provide more precise and useful advice.


CCI Pro

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