How salary slip is calculated?
Sarah Martinez
Updated on December 31, 2025
CTC = Earnings + Deductions Here, Earnings = Basic Salary + Dearness Allowance + House Rent Allowance + Conveyance Allowance + Medical Allowance + Special Allowance. Given below is a simple example of a salary slip showing all the basic breakups under two heads, earnings and deductions.
How is Inhand salary calculated from CTC?
- Usual salary structure components (fixed) of salary of an Employee.
- CTC offered by the employer = INR 9 Lakh per year;
- In hand Salary = CTC – Sum of above components.
- Net taxable income** (Old Tax Regime) = CTC – PF contributions (Both employee & employer contribution) – Food Coupons – HRA tax exemption.
What is pay slip for salary?
A salary slip is a document issued by an employer to an employee. It contains a detailed description of the employee’s salary components like HRA, LTA, Bonus paid etc and deductions for a specified time period, usually a month. It may be issued on paper or mailed to the employee.
What is the difference between salary slip and pay slip?
A salary slip is also known as pay slip in some countries. Understandably, because salary slip is given to employees whose monthly pay and allowances are known. Pay slip salary, in comparison, is given to workers whose income and allowances can vary according to number of hours or days they work.
How do you send salary slip to employees?
E-mail individual pay slip to the respective employee
- Go to Gateway of Tally > Display > Payroll Reports > Statements of Payroll > Payslip .
- Select the Employee .
- Press Alt+M and enter the e-mail details.
- Press Ctrl+A to accept. E-mail this Topic. From *
Can I get salary slip from bank?
It is your legal right to ask and get a original salary slip or pay slip. Of course, you may be working for a very small firm or private employer. However, you can always request your employer for some form of a salary slip. Your bank can also give your pay slip if your earnings go directly into your bank account.
How do you calculate daily pay?
Calculating the Daily Rate Say your employee earns $50,000 a year, and she works a 40-hour week, her hourly pay is the annual amount divided by 2,080 hours (50,000/2,080 = 24.038, which you can round up to 24.04). For the employee’s daily rate of pay, simply multiply 24.04 by the number of hours worked each day.
What is CTC and gross salary?
The employees’ CTC is the gross amount, while the amount of salary one gets to take home is the net salary. In simpler words, gross salary is the monthly or yearly salary before any deductions are made from it.
What is CTC salary example?
It is calculated by adding salary to the cost of all additional benefits an employee receives during the service period. If an employee’s salary is ₹500,000 and the company pays an additional ₹50,000 for their health insurance, the CTC is ₹550,000. Employees may not directly receive the CTC amount.
How can I print my salary slip?
Print Single Pay Slip Click on Print button or Press Alt+P from the Pay Slip display screen to print the activePay Slip. Tally. ERP 9 will print the Pay Slip in the format that is configured for display.
