For tax purposes, DA is considered to pay, so it is taxable. The cost of living affects the amount of salary, which differs from location to location. Employees usually receive 30-40% of their basic pay as this allowance. This allowance is aimed to minimise the impact of inflation on employees. A basic salary comprises the first component of a pay slip. Based on it, a variety of other pay slip components are determined. Usually accounting for 35% to 40% of total salary, it is the most important component of compensation. But if, for some reason, an employee resigns from the company, they are not eligible to receive the salary slip that month.Ĭomponents of a salary slip can be explained in two parts: Incomes Basic Salary An employee gets their salary slip after working at a company for a month. It is not given to part-time, or contractual workers. A list of earnings (income) and deductionsĪ company shares the salary slip with full-time employees.UAN (Universal Account Number) and EPF account number.Name, designation, and department of each employee.Name of company, address, logo, month and year of salary slip.Salary slips vary from company to company but they usually include the following information: Is it a good idea to save my salary slips and keep them in a safe place?.
What is the best way to get my salary slip online?.Difference Between Cost to Company (CTC) and Gross Salary.
