Salary slip is contains the details of the salary and tax deducted, allowances provided by the company the components if the salary slip or the main salary differ from company to company it shows the benefit that employee get from tax deductions as well as from allowances it is mostly useful for the tax payment purpose and computer generated salary slips are hose which are usually sent through mails and these are doesn’t provide the authoritative signature below are the basic and main components that every salary slip contains.
Main components are
Basic salary it is the fixed part of employee your income based
Dearness allowance (DA) it protects the employee from inflation. It’s taxable.
House rent allowance (HRA):- Employers allows HRA to meet the expenses incurred for living in a rental home
Medical Allowance This allowance is given to employees to cover the medical expenditures
Professional Tax is the tax charged by the state governments in India.
Provident Fund or Employee Provident Fund is a retirement benefit applicable only to salaried employees.
Leave Travel Allowance Leave travel allowance (LTA) and other allowances and deductions
Some other components are
Bank A/c No
Some companies might include the info about the leaves which is optional
This is a computer generated slip and does not require signature.
Note: Tax has been deducted tentatively, after considering the maximum limit of tax saving investments
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