The document discusses compensation and benefits (C&B) programs, including their objectives and components. It defines key terms like cost to company (CTC), gross pay, and gross salary. It provides examples of designing CTC structures, breaking down a CTC amount into its components based on location and percentages. These examples illustrate how to calculate amounts for basic pay, allowances, provident fund, gratuity, ESI, and the various totals for gross pay and gross salary.
escort service sasti (*~Call Girls in Rajender Nagar Metro❤️9953056974
Payroll processing
1. Jon Boyes
Employability and Graduate Development
CHMP
www.hrspot.co.in
Kolkata | Bhubaneswar | Hyderabad
Best HR Practice Award
Best HR Practice Award
Best HR Practice Award
Special Achievement Award
(Star Greenbelt of East Six
)Sigma
Best HR Professional Award
HR Champion Award
&AWARDS
ACCOLADES
:ISO 9001 2008 Certified Company
2. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Certified Human Resource Management Professional
Payroll Processing 1
3. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Payroll Processing
Introduction to
Compensation and Benefits
4. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Company provides a return to its employees for the services rendered by them
towards the fulfilment of organization goal
Return in the form of monitory or non monitory or is a mixture of both
5. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Monetary returns are
known as
COMPENSATIONS
Non Monetary returns are
known as
BENEFITS
6. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Payroll Processing
Objectives of
Compensation and Benefits
7. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
C&B Program is a tool used by employers
to effectively attract, retain and motivate employees
8. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Payroll Processing
Different Components of
Compensation and Benefits
9. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Salary/Remuneration
Overtime
Incentive
Bonus
Commission
Leave Encashment
Compensation
10. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Pick up and Drop
Work from Home
Free Lunch and Dinner
Corporate Mediclaim
Preferable Week off
Holiday Package
Free Phone
Life Insurance
Club Membership
Free Training
Benefits
11. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Payroll Processing
Introduction
to CTC
12. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
CTC is a term for the total salary package of an employee.
It indicates the total amount of expenses an employer spends on an employee
during one year.
13. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Payroll Processing
Features and Components
of CTC
14. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Components Features
Basic Preferably (30 – 60) % of CTC in most cases; fully taxable
House Rent Allowance 40% of Basic in Non Metro Location; 50% of Basic in Metro
Location; partially taxable
Leave Travel Allowance LTA is exempted from tax twice in a 4 years block
Conveyance Allowance Earlier [INR. 19,200 per Annum is exempted from Tax]; Now [CA
and MA cumulatively 40,000 per Annum is exempted from Tax]
Medical Allowance Earlier [INR. 15,000 per Annum is exempted from Tax]; Now [CA
and MA cumulatively 40,000 per Annum is exempted from Tax]
Other Allowance The Balance (CTC – Everything); fully taxable
Provident Fund Earlier [13.15% (employer’s contribution) of Basic]; Now [13%
(employer’s contribution) of Basic]; fully tax exempted
Gratuity 4.81% of Basic; fully tax exempted
Employee State Insurance 4.75% (employer’s contribution) of Gross Pay, only if Gross Pay is
less than 2,52,000 per Annum; fully tax exempted
15. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Payroll Processing
Gross Pay and Gross Salary
16. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Cost To Company = The entire package
Gross Pay = CTC – (Employer’s PF + Gratuity + all other deductions, if
any, except ESI)
Gross Pay is required for ESI calculation
17. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Gross Salary = CTC – All Deductions (Employer’s PF + Employer’s ESI +
Gratuity + all other deductions, if any)
Net Salary = CTC – All Deductions (Employer’s PF + Employer’s ESI +
Gratuity + Employee’s PF + Employee’s ESI + all other deductions, if any)
18. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Cost To Company
Employee Receivable
Employee
NOT
Receivable
Employer Contribution
to Govt.
Employer Contribution
to Self
Basic
HRA
Leave Travel Allowance
Conveyance Allowance
Medical Allowance
Other Allowance
Provident Fund
(Employer)
Employee State Insurance
(Employer)
Gratuity
19. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Gross Pay = CTC – All Employee Not Receivable (Except ESI)
Employee Receivable
Employee
NOT
Receivable
Employer Contribution
to Govt.
Employer Contribution
to Self
Basic
HRA
Leave Travel Allowance
Conveyance Allowance
Medical Allowance
Other Allowance
Provident Fund
(Employer)
Employee State Insurance
(Employer)
Gratuity
20. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Gross Pay = CTC – All Employee Not Receivable (Except ESI)
Employee Receivable
Basic
HRA
Leave Travel Allowance
Conveyance Allowance
Medical Allowance
Other Allowance
Employee State Insurance
(Employer)
Gross Pay is important for
ESI eligibility check only
If GP is more than Rs. 2,52,000
not eligible for ESI
21. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Gross Salary = CTC – All Employee Not Receivable
Employee Receivable
Employee
NOT
Receivable
Employer Contribution
to Govt.
Employer Contribution
to Self
Basic
HRA
Leave Travel Allowance
Conveyance Allowance
Medical Allowance
Other Allowance
Provident Fund
(Employer)
Employee State Insurance
(Employer)
Gratuity
22. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Gross Salary = CTC – All Employee Not Receivable
Employee Receivable
Basic
HRA
Leave Travel Allowance
Conveyance Allowance
Medical Allowance
Other Allowance
23. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Payroll Processing
CTC Designing
24. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Payroll Processing
CTC Designing
Example 1
25. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
1,80,000*40/100
= 72,000
Basic
40% of CTC
Payroll Processing
CTC Structure: INR 1,80,000 per annum in Kolkata
26. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
72,000*50/100
= 36,000
HRA
50% of Basic
Payroll Processing
CTC Structure: INR 1,80,000 per annum in Kolkata
27. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
72,000*13/100
= 9,360
Provident Fund
(Employer)
13% of Basic
Payroll Processing
CTC Structure: INR 1,80,000 per annum in Kolkata
28. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
72,000*4.81/100
= 3,463
Gratuity
4.81% of Basic
Payroll Processing
CTC Structure: INR 1,80,000 per annum in Kolkata
29. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
1,80,000 – 9360 – 3463
= 1,67,177
Gross Pay
(CTC – PF – Gratuity)
Payroll Processing
CTC Structure: INR 1,80,000 per annum in Kolkata
30. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Employees State Insurance
(Employer)
4.75% of Gross Pay
Payroll Processing
CTC Structure: INR 1,80,000 per annum in Kolkata
1,67,069*4.75/100
= 7,941
31. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
16,000Leave Travel Allowance
Payroll Processing
CTC Structure: INR 1,80,000 per annum in Kolkata
32. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
19,200Conveyance Allowance
Payroll Processing
CTC Structure: INR 1,80,000 per annum in Kolkata
33. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
15,000Medical Allowance
Payroll Processing
CTC Structure: INR 1,80,000 per annum in Kolkata
34. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
1,036Other Allowance
Payroll Processing
CTC Structure: INR 1,80,000 per annum in Kolkata
35. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
1,80,000 – 9360 – 3463 – 7941
= 1,59,236
Gross Salary
(CTC – PF – Gratuity – ESI)
Payroll Processing
CTC Structure: INR 1,80,000 per annum in Kolkata
36. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
CTC Structure: INR. 1,80,000 per annum in Kolkata
.
Components Amount
Basic (40% of CTC) INR. 72,000
HRA (50% of Basic in Metro Location) INR. 36,000
LTA INR. 16,000
Conveyance INR. 19,200
Medical INR. 15,000
OA INR. 1,036
PF (employer) (13% of Basic) INR. 9,360
Gratuity (4.81% of Basic) INR. 3,463
ESI (employer) (4.75% of Gross Pay) INR. 7,941
Gross Pay = CTC – PF - Gratuity
37. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
CTC Structure: INR. 1,80,000 per annum in Kolkata
Components Amount
Basic INR. 72,000
House Rent Allowance INR. 36,000
Leave Travel Allowance INR. 16,000
Conveyance Allowance INR. 19,200
Medical Allowance INR. 15,000
Other Allowance INR. 1,036
Provident Fund INR. 9,360
Gratuity INR. 3,463
Employees State Insurance INR. 7,941
Total INR. 1,80,000
CTC= 1,80,000
Gross Pay (CTC – PF – Gratuity)=
1,80,000 – 9360 – 3463= 1,67,177
Gross Salary (CTC – PF – Gratuity –
ESI)= 1,80,000 – 9360 – 3463 –
7941= 1,59,236
38. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Payroll Processing
CTC Designing
Example 2
39. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
6,00,000*50/100
= 3,00,000
Basic
50% of CTC
Payroll Processing
CTC Structure: INR 6,00,000 per annum in Bhubaneswar
40. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
3,00,000*40/100
= 1,20,000
HRA
40% of Basic
Payroll Processing
CTC Structure: INR 6,00,000 per annum in Bhubaneswar
41. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
1,80,000 (maximum ceiling
limit)*13/100
= 23,400
Provident Fund
(Employer)
13% of Basic
Payroll Processing
CTC Structure – INR 6,00,000 per annum in Bhubaneswar
42. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
3,00,000*4.81/100
= 14,430
Gratuity
4.81% of Basic
Payroll Processing
CTC Structure: INR 6,00,000 per annum in Bhubaneswar
43. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
6,00,000 – 23,400 – 14,430
= 5,62,170
Gross Pay
(CTC – PF – Gratuity)
Payroll Processing
CTC Structure: INR 6,00,000 per annum in Bhubaneswar
44. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Employees State Insurance
4.75% of Gross Pay
Payroll Processing
CTC Structure: INR 6,00,000 per annum in Bhubaneswar
Gross Pay more than 2,52,000
per annum, so ESI is 0
45. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
1,00,000Leave Travel Allowance
Payroll Processing
CTC Structure: INR 6,00,000 per annum in Bhubaneswar
46. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
20,000Conveyance Allowance
Payroll Processing
CTC Structure: INR 6,00,000 per annum in Bhubaneswar
47. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
20,000Medical Allowance
Payroll Processing
CTC Structure: INR 6,00,000 per annum in Bhubaneswar
48. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Other Allowance
Payroll Processing
CTC Structure: INR 6,00,000 per annum in Bhubaneswar
2,170
49. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
6,00,000 – 23,400 – 14,430 – 0
= 5,62,170
Gross Salary
(CTC – PF – Gratuity – ESI)
Payroll Processing
CTC Structure: INR 6,00,000 per annum in Bhubaneswar
50. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
CTC Structure: INR. 6,00,000 per annum in Bhubaneswar
Components Amount
Basic (50% of CTC) INR. 3,00,000
HRA (40% of Basic in Non Metro Location) INR. 1,20,000
LTA INR. 1,00,000
Conveyance INR. 20,000
Medical INR. 20,000
OA INR. 2,170
PF (employer) (13% of Basic: more than 1,80,000) INR. 23,400
Gratuity (4.81% of Basic) INR. 14,430
ESI (employer) (4.75% of Gross Pay: more than 2,52,000) INR. 0
Gross Pay = CTC – PF - Gratuity
51. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
CTC Structure: INR. 6,00,000 per annum in Bhubaneswar
Components Amount
Basic INR. 3,00,000
House Rent Allowance INR. 1,20,000
Leave Travel Allowance INR. 1,00,000
Conveyance Allowance INR. 20,000
Medical Allowance INR. 20,000
Other Allowance INR. 2,170
Provident Fund INR. 23,400
Gratuity INR. 14,430
Employees State Insurance INR. 0
Total INR. 6,00,000
CTC= 6,00,000
Gross Pay (CTC – PF – Gratuity)=
6,00,000 – 23670 – 14430=
5,62,170
Gross Salary (CTC – PF – Gratuity –
ESI)= 6,00,000 – 23400 – 14430 –
0= 5,62,170
52. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Payroll Processing
Class Activity
53. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
CTC Structuring
All Students will be asked to make CTC structure for different Metro and Non
metro locations.
1.CTC 2,50,000; location Kolkata; Basic 35%
2.CTC 3,25,000; location Bhubaneswar; Basic 45%
3.CTC 4,75,000; location Hyderabad; Basic 55%
4.CTC 1,75,000; location Noida; Basic 40%
5.CTC 6,55,000; location Thiruvananthapuram; Basic 50%
Individual Activity: 120 min
54. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Certified Human Resource Management Professional
Payroll Processing 2
55. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Payroll Processing
Definition of
Attendance Management
56. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Attendance management is the act of managing attendance or presence in a
work setting to minimize loss due to employee downtime
Processing monthly attendance for the employees and deciding number of days
worked to process salary
57. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Payroll Processing
Types of
Attendance Management
58. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Manual
Attendance
System
Automated
Attendance
System
59. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Payroll Processing
Definition of
Leave Management
60. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Leave Management
encompasses the processes employees use to request time away from work and
supervisors use to grant or deny leave based on organization policies
61. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Payroll Processing
Different Types
of Leaves
62. Casual Leave
. . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Sick LeavePrivilege Leave
63. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Calculated on calendar year basis
Pro rata basis i.e. In proportionality to some factor that can be exactly calculated
All leave for the year can not be taken at the beginning
64. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Unapproved Leaves
Leave Without Pay
Unsolicited absent
Leave beyond eligibility limit
65. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Payroll Processing
Leave Carry Forwarding
66. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Any Earned leaves/Privilege leaves are the leaves which are earned in the previous
year and enjoyed in the preceding years
Privilege leaves can be carry forwarded for the quantum upto the total of three years
and vary from state to state as per the shop and establishment act
67. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Payroll Processing
Leave Encashment
68. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Employee gets cash payments for unavailing of allowed leaves in each year that he has
accumulated
Monitory payment availed by the employee in return of the unavailed leave is known
as leave encashment
Applicable on unavailed privilege leaves
69. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Payroll Processing
Definition of
Payroll Management
70. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
The administration of the financial record
of employees' salaries, allowances and deductions
71. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Payroll Processing
Input and Output of
Payroll Management
72. Input
Payroll file including all the
details of different monthly
component
. . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Output
Pay slip including all the
details of the salary of the
month
73. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Payroll Processing
Introduction to
Monthly Payroll Processing
74. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Calculating and processing monthly payroll
Calculating number of days Present and Absent
Monthly Components like Basic, HRA and Allowances are considered
75. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Components like PF (Employer's Contribution), ESI (Employer's Contribution), and
Gratuity, Not included
Employee’s Contribution of PF and ESI will get deducted
Professional tax deduction done as per Professional Tax slab
76. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Payroll is calculated on Salary Days
Salary Days = Total days in a month – days absent + paid leaves
Issuing payslip as a salary proof and explanation
77. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Monthly
components amount
X
No. of
working days in the
monthTotal no. of
days in the month
78. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Payroll Processing
Professional Tax Slab
79. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
West Bengal Professional Tax Slab
Monthly gross salary Deduction amount
0 – 10,000 NIL
10,001 – 15,000 Rs. 110
15,001 – 25,000 Rs. 130
25,001 – 40,000 Rs. 150
Above 40,001 Rs. 200
80. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Odisha Professional Tax Slab
Monthly gross salary Deduction amount
Upto 13,304 NIL
13,305 – 25,000 Rs. 125
25,001 and Above
Rs. 200 and Rs. 300
[P.Tax will be payable Rs. 200 for first 11
months and Rs. 300 in the last month]
81. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Telangana Professional Tax Slab
Monthly gross salary Deduction amount
Upto 15,000 NIL
15,001 – 20,000 Rs. 150
20,001 and Above Rs. 200
82. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Payroll Processing
Net or Take Home Salary
83. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Net salary, more commonly known as Take-Home Salary, is the income that the
employee actually takes home once tax and other such deductions are carried
over with
It refers to the in-hand figure that is calculated after deducting Income tax at
source (TDS) and other deductions as per the relevant company policy
84. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Payroll Processing
Payroll Processing
Example
85. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Convert yearly amount to monthly amount: divided by 12
Convert monthly amount to daily amount: divided by no. of days in a month
Daily amount * Number of salary days
Calculation to be done for each monthly component of CTC
Components Yearly Monthly (30 days) Daily
Basic 3,00,000 25,000 833
HRA 1,20,000 10,000 333
LTA 1,00,000 8,333 278
Conveyance 20,000 1,667 56
MR 20,000 1,667 56
Other Allowance 2,170 180 6
PF (employer’s) 23,400 - -
Gratuity 14,430 - -
Monthly deduction of employee’s PF (12%) N/A 1,800 60
Total 6,00,000 45,047 1,502
86. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Lets assume an employee has worked only 25 days in a month of 30 days
He had 2 approved paid leaves which he has taken that month
So salary will be calculated: days in month – total absent + no. of approved paid
Leaves = 30 - 5 + 2= 27
Components Daily Payout Salary Days Monthly Payout
Basic INR. 833 27 INR. 22,491
HRA INR. 333 27 INR. 8,991
LTA INR. 278 27 INR. 7,506
Conveyance INR. 56 27 INR. 1,512
MR INR. 56 27 INR. 1,512
Other Allowance INR. 6 27 INR. 162
Deduction of employee’s PF INR. 60 27 INR. 1,620
Net Salary INR. 40,554
87. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Payroll Processing
Class Activity
88. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Monthly Payroll Processing Calculation
All Students will be asked to make CTC designing, calculate yearly gross
salary, monthly gross salary, monthly net salary for different Metro and Non
metro locations.
1.CTC 2,50,000; location Kolkata; Basic 35%
2.CTC 3,25,000; location Bhubaneswar; Basic 45%
3.CTC 4,75,000; location Hyderabad; Basic 55%
Calculate the net salary for June where LWP is 0 and net salary of July
where
LWP is 2 for above CTC.
Individual Activity: 120 min
89. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Certified Human Resource Management Professional
Payroll Processing 3
90. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Payroll Processing
Importance of Payslip
91. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
A payslip serves as the proof of the salary that a person draws from the employer
Apart from this, a payslip can be an important document when a person applies
for a loan or mortgage
Payslip is important when the person is applying to another company
92. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Payroll Processing
Payslip Structure
and Designing
93. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
An official document of the monthly salary
Explanation of salary details and deduction
Details of various components of salary of a particular month
Information Section
Earning Section Deduction Section
Remarks Section (If any)
94. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Information Monthly Earning Monthly Deduction Remarks
Name
Designation
Department
Month Days
Absent Days
Salary Days
Basic
HRA
All Allowances
Incentive
Commission
Employee’s PF
Employee’s ESI
Loans
Advances
Taxes
Any remarks by the
employer
95. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Payroll Processing
Payslip Generation
96. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Name Payslip for
Month
Employee
ID
Designation
Earning Deduction
Basic PF
HRA ESI
Allowances P. Tax
Total Earning Total Deduction
Net Salary Total Earning – Total Deduction
97. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Payroll Processing
Mail Merge
98. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Mail merge is a process to create personalized letters and pre-
addressed envelopes or mailing labels for mass mailings from a form letter
The feature is usually employed in a word processing document which contains
fixed text (which is the same in each output document) and variables (which act as
placeholders that are replaced by text from the data source)
99. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
100. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Payroll Processing
Class Activity
101. . . .www hrspot co in | ISO Certified | Winner of 8 Service Excellence Awards
Payroll Processing
Payroll Calculations and Payroll File Preparation
All Students will be asked to prepare payroll file in MS Excel file Including
all the yearly components, monthly components and earned components for
at least 5 employees taking 5 different CTCs.
Mail Merge Demo
All Students will be asked to give demo on Mail Merge Process to generate
Payslip.
Individual Activity: 120 min