Person x Joined this company from feburary 11 2013

Below is the offer and pay slips. Are they in correct format?or does it need any changes

There are 15 employees in the company. So no PF, and the annual income of the person is 82,000 So no Professional tax for him .Is this correct?

Compensation Stack

Name : xyz

Designation : Engineer

Detailed break up of the CTC components is given below ( all figures in INR and per annum )



Basic : 33,000

HRA : 23,400

conveyance: 9,600

Gross : 66,000

Performance Bonus ** (Maximum of 12% of Cost to Company): 9,000

This company Talent Bonus*** : 7,000

Total Offer : 82,000



** The per annum on plan performance bonus is 12% of CTC. More details of the performance

bonus plan will be available on joining.

*** Will be paid upon completion of 12 months with Our Company.

Pay slip of person X for the month of Feburary

Total number of days -28 (Including sundays)

Number of days present -18 Number of days absent-10

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EARNING AMOUNT (RS) DEDUCTION AMOUNT (RS)

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Basic 1550.00 PF 0.00

HRA 750.00 P.Tax 0.00

Conveyance Allowance 800.00



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TOTAL EARNINGS 3100.00 TOTAL DEDUCTIONS 0.00

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NET PAY 3100.00

Pay slip of person X for the month of March

Total number of days -31 (Including sundays)

Number of days present -27 (Excluding 4 sundays) Number of days absent-0

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EARNING AMOUNT (RS) DEDUCTION AMOUNT (RS)

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Basic 2750.00 PF 0.00

HRA 1950.00 P.Tax 0.00

Conveyance Allowance 800.00



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TOTAL EARNINGS 5500.00 TOTAL DEDUCTIONS 0.00

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NET PAY 5500.00





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Conveyance -Fixed

Basic 50% of 5500

HRA =(5500-Basic-Conveyance )