Salary Slip Generator

Generate professional salary slips with all components including basic salary, HRA, allowances, deductions, and net salary calculations.

✓ Complete Breakdown✓ HRA & Deductions✓ 100% Free

HRA is partially tax-exempt under Section 10(13A)

Typically 12% of basic salary (employee contribution)

Varies by state (typically ₹200/month)

Frequently Asked Questions (FAQs)

What is a salary slip?

A salary slip (also called payslip or salary statement) is a document issued by employers to employees every month showing the breakdown of salary components including basic salary, allowances, deductions, and net salary. It's essential for loan applications, tax filing, and financial planning.

What are the components of a salary slip?

A salary slip typically includes: Earnings (Basic Salary, HRA, Allowances, Bonus), Deductions (PF/EPF, Professional Tax, Income Tax/TDS, ESI), Gross Salary (total earnings), Total Deductions, and Net Salary (take-home pay after deductions).

What is HRA?

HRA (House Rent Allowance) is a component of salary provided by employers to employees who live in rented accommodation. HRA is partially tax-exempt under Section 10(13A) of the Income Tax Act. The exemption is the minimum of: actual HRA received, actual rent paid minus 10% of basic salary, or 50% of basic salary (metro cities) / 40% (non-metro).

What is Professional Tax?

Professional Tax is a state-level tax levied on salaried employees and professionals. The tax amount varies by state (typically ₹200-₹2,500 per year) and is deducted monthly from salary. It's deductible under the Income Tax Act.

What is PF/EPF deduction?

PF (Provident Fund) or EPF (Employee Provident Fund) is a retirement savings scheme where both employee and employer contribute 12% of basic salary each month. The employee's contribution is deducted from salary. EPF contributions are eligible for tax deduction under Section 80C up to ₹1.5 lakhs.

Is the salary slip generator free?

Yes, our salary slip generator is completely free to use. No registration or sign-up required. Generate professional salary slips with accurate calculations as many times as you need.

Salary Slip Generator - Calculate Your Take-Home Salary

Our free salary slip generator helps you calculate your monthly salary breakdown including all components and deductions. Understand your gross salary, deductions, and net take-home pay with accurate calculations.

How to Use the Salary Slip Generator

  1. Enter your monthly basic salary
  2. Add HRA (House Rent Allowance) if applicable
  3. Enter other allowances (transport, medical, etc.)
  4. Add PF/EPF deduction amount
  5. Enter professional tax (varies by state)
  6. Click "Generate Salary Slip" to see complete breakdown

Key Features

  • Complete Breakdown: See all salary components separately
  • Gross Salary: Calculate total earnings before deductions
  • Deductions: Track PF, professional tax, and other deductions
  • Net Salary: Know your take-home pay accurately
  • Tax Planning: Understand your salary structure for tax planning

💡 Pro Tip: Understanding your salary breakdown helps in tax planning and loan applications. Keep track of your HRA, PF contributions, and other components to maximize tax benefits.

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