Salary Slip Generator India
Create compliant Indian payslips with Basic Salary, HRA, Provident Fund (EPF), Professional Tax (PT), ESI, and TDS. Amount in words formatted in Indian Rupees, Lakhs, and Crores.
Components of an Indian Salary Slip
In India, employee compensation structures are divided into taxable allowances, exempt allowances, and statutory deductions regulated under the Employees' Provident Funds and Miscellaneous Provisions Act, Employees' State Insurance Act, and the Income Tax Act.
Common Salary Allowances in India
- Basic Salary: Core component, typically 40%–50% of the Cost to Company (CTC). Forms the foundation for PF and Gratuity calculations.
- House Rent Allowance (HRA): Allowance provided to meet rental accommodation expenses. Tax exempt under Section 10(13A) subject to conditions.
- Dearness Allowance (DA): Cost of living adjustment commonly paid in public sector and manufacturing enterprises.
- Special Allowance: Residual taxable component given over and above basic and statutory allowances.
- Conveyance & Medical Allowance: Reimbursements or monthly allowances for daily commute and medical expenses.
Statutory Deductions in India
- Employee Provident Fund (EPF): 12% of (Basic + DA) contributed by the employee towards retirement savings under EPFO regulations.
- Professional Tax (PT): State-level tax levied on salaried individuals (e.g. up to ₹200/month in Karnataka, Maharashtra, and West Bengal).
- Tax Deducted at Source (TDS): Income tax withheld by the employer according to the selected income tax slab (Old vs New Regime).
- Employee State Insurance (ESI): 0.75% deduction for employees whose gross monthly wages are ₹21,000 or below.
Important Legal Notice: Salary Slip Generator by SolveItByTech is an automated calculation and formatting tool. It does not provide legal, taxation, or certified payroll advice. Employers and HR personnel are solely responsible for ensuring that wage structures, tax withholdings, and statutory filings comply with applicable Central and State labor laws in India.