Free Payslip Generator
by Zoho Payroll1 | Company Name, Logo , Address, Payslip Month, and Year | |
2 | Employee Name, Employee ID, Pay Period | |
3 | Total Paid Days, Loss of Pay (LOP) Days, Payment Date | |
4 | List of Earnings and Deductions | |
5 | Employee's Gross and Net Income |
![payslip-generator-image](/payroll/images/payslip-generator/address-info.png)
Basic salary | This is the primary component of your employee's salary and also acts as the foundation upon which other components are calculated. For eg: 12% of the basic pay is usually the PF. |
Dearness Allowance (DA) | Calculated as a percentage of your basic pay, DA is given to offset the impact of inflation. It is completely taxable and need to be declared while ITR filing. This payslip component is typically only for government employees. |
House Rent Allowance (HRA) | It is an allowance to help people pay their house rent. The amount of HRA depends on the location and ranges between 40%-50% of basic pay. You can claim a part of the HRA as a tax deduction, and need to be declared while ITR filing. |
Performance and Special Allowance | This is given to encourage employees for a better performance. This component is completely taxable. |
Other Allowance | This comprises the various additional allowances paid by an employer for any reason. An employer may categorize such allowances under a specific head or group them as 'Other Allowances' |
Employee Provident Fund (EPF) | This comprises a compulsory deduction in your salary slip. This component of your salary slip is at least 12% of your basic salary and diverted to an EPF account and is exempt from tax. |
Professional Tax | This payslip component is levied on all individuals, including the salaried, professionals and traders who have an income. It is levied in some states only and calculated on the basis of an individual's tax slab. |
Tax Deductible at Source(TDS) | It refers to the amount of tax deducted by your employer on behalf of Income Tax department. You can reduce TDS by investing in tax-saving schemes and submitting the appropriate documents to your employer. |
- Organisation's information
- Employee's basic information
- Pay Period
- Gross pay
- Salary components
- Deductions
- Net Pay
- Payment Date