Hi
In our company we are developing Payroll module. I want to request suggestion as to the general componants as per law and practice regarding PAYSLIP.
Suggestions Awaited
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Suggested payslip componants
Replies (2)
| Gross Salary | (Rs.) | Deductions | (Rs.) |
| Basic Salary | Professional Tax | ||
| House Rent Allowance | Income Tax | ||
| Medical Reimbursement | Provident Fund | ||
| Transport Allowance | Family Pension Fund | ||
| Education Allowance | Loan Recovery | ||
| Hostel Allowance | Advance Against Salary Recovery | ||
| Dearness Allowance | Canteen Deduction | ||
| Leave Travel Concession | Others-1 (Pl specify) | ||
| Leave Encashment | Others-2 (Pl specify) | ||
| Incentive | |||
| Special Incentive | |||
| Advance Against Salary | |||
| Festival Advance | |||
| Vehicle Reimbursement | |||
| Canteen Allowance | |||
| Others-1 (Pl specify) | |||
| Others-2 (Pl specify) |
Hey Hi,
Thanks for writing..
Payslip is divided in two part, Earning & Deduction:
Earning contains:
BASIC
HRA
CONVEYANCE ALLOWANCE
EDUCATION ALLOW
FC
INCENTIVE
MEDICAL REIMBURSEMENT
LTA REIMBURSEMENT
SHIFT ALLOWANCE
SPECIAL ALLOWANCE
LEAVE ENCASHMENT
OTHER_EARNINGS
OVERTIME
BONUS
EXGRATIA
HOLIDA PAY
NOTICE PAY
EXTRA PAY (FOR PAYMNT ON NATIONAL HOLIDAYS)
FUEL REIMBURSEMENT
PROJECT ALLOWANCES
GRATUITY
Deductions contains:
Provident Fund
PROFESSIONAL TAX
ESI CONRIBUTION
INCOME TAX
LABOUR WELFARE FUND CONRIBUTIONS
HOUSING LOAN PRINCIPAL
HOUSING INTEREST
VEHICAL LOAN DEDUCTION
SAL ADVANCE
OTHER LOAN
SAL ADVANCE
CANTEEN / MEAL DEDUCTIONS
INSURANCE DEDUCTIONS
OTHER DEDUCTIONS
ONETIMETAX
Apart from this it also containms details of PF no., ESI no., PAN No. & Leave records: Op leave, Leave Taken & closong Leave Balance.
Thanks//Vaibhav
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