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This comprises of any other allowances that are allowed to an employee by the employer. HRA can be claimed for tax deduction under section 10 of the Income Tax Act 1961. HRA(House Rent Allowance) is given to employees based on location and basic salary ranging up to 40% to 50% of basic pay. This is normally given in the case of government employees. In such cases, the employee is later compensated by granting him the Travel Allowance (TA).ĭearness Allowance (DA) is calculated based on the average basic salary to nullify the effect of inflation on a person and his household. Travel allowance is given to an employee for any sort of travel done by the employee and paid by the employee on behalf of the office. The basic salary refers to the amount of money that an employee is entitled to get before the addition of any allowances and subtraction of any kinds of deductions.
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Deductions ( TDS, Professional Tax, Contribution to Provident Fund).Earnings (Basic Salary + Various Allowances ).The components of a salary certificate can be broadly classified into two heads:
SALARY SLIP FORMAT INDIA PDF
Salary Certificate Format in PDF version not editable. Because you can easily edit salary Certificate in word format. Always Download Salary Certificate Format in Word. Note: Once you download the salary certificate (word/excel/pdf), you will be able to edit it as per your requirements. The following is the Salary Certificate Sample 2021ĭownload Salary Certificate Format in PDF It will be issued by the employer for the employee whenever the employee requests the employer to furnish him with his salary certificate. A salary certificate is a legal proof of employee salary employment period with a time frame of his services and of an employeeĪ salary certificate format contains the various heads under which the net salary of the employee will be calculated after the addition of all allowances and subtraction of various deductions. Salary certificate is an official document provided by the employer to the employee and verified by an authorized person of an organization, on their company letterhead with his signature and company stamps to verify employee’s employment.
SALARY SLIP FORMAT INDIA HOW TO
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Download Salary Certificate Format Template.