If you have taken any loans, then their deduction is in it.
In addition, if you have taken an advance salary, then your interest is calculated in the company after that, the Contribution Fund. Some of these are Professional tax, Income tax. Many types of Deductions are included inside the company. 50% of the minimum wage for those working in metro cities (40 percent of the basic salary for non-metros).Īpart from this, you get many types of allowances which include Traveling, Medical and Children’s Education, this whole depends on company to company fix amount which is given to you. It depends on company to company, how much will that amount be. If you live in the metro cities, then you will also get rent bill from the company. Income (Total value you have created)Īccording to the value you have created in the company, you call them income. Salary slip is very different, it differs from company to company and industry, but if we follow the general format, then the salary slip consists of basically two components, in which you have to earn your income in one component and deductions in the other component. Free Salary Slip format in excel In India
