Related Business Tools
Free Salary Slip Generator — India (PF, ESI, PT, TDS Compliant)
Enter annual CTC → auto-splits Basic, HRA, Conveyance, Medical, Special Allowance per standard Indian payroll norms.
EPF capped at ₹1,800 (on ₹15K basic), ESI auto-disabled above ₹21K gross, PT per state, TDS as entered.
Enter Loss of Pay days → per-day salary auto-calculates and net pay adjusts proportionally.
Shows employer PF (12%), ESI (3.25%), gratuity (4.81%) contributions — full CTC breakup for transparency.
Net pay auto-converted to words in Indian system (lakhs, crores) — required on all payslips.
A4 payslip with company logo, employee details, earnings/deductions table, net pay, and employer details.
Frequently Asked Questions
EPF (Employee Provident Fund) deduction is 12% of Basic Salary per month from the employee. The employer also contributes an equal 12%. However, the contribution is capped at a basic salary of ₹15,000 per month — meaning maximum employee PF deduction is ₹1,800/month. This applies to establishments with 20 or more employees. PF is governed by the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 and administered by EPFO.
ESI (Employee State Insurance) applies when the employee's gross salary is ₹21,000 or less per month (₹25,000 for persons with disability). Employee contribution is 0.75% of gross salary; employer contributes 3.25%. ESI provides health, medical, maternity, and accident benefits. Governed by the ESI Act, 1948. This tool auto-disables ESI when gross exceeds ₹21,000.
Professional Tax (PT) is a state-level tax on salaried individuals. It varies by state: Karnataka and Maharashtra charge up to ₹200/month (₹2,400/year), Gujarat charges ₹200/month, while some states like Delhi do not levy PT at all. The maximum PT allowed under the Constitution is ₹2,500 per year. Employers deduct it from salary and deposit it with the state government.
LOP (Loss of Pay) is the salary deduction for days absent beyond available leave balance. Per Day Salary = Gross Monthly Salary ÷ Total Working Days in the month. LOP Deduction = Per Day Salary × LOP Days. The remaining net pay = (Gross − LOP Deduction) − All other statutory deductions. Enter LOP days in the field above and the tool automatically adjusts the net pay.
CTC (Cost to Company) includes everything the employer spends: gross salary + employer PF + employer ESI + gratuity + any other perks. Gross Salary is what the employee earns before deductions — Basic + HRA + all allowances. Net Salary (Take-Home) is what is credited to the bank account: Gross Salary minus all deductions (employee PF, ESI, PT, TDS, LOP, etc.). Gross ≠ CTC and Net ≠ Gross.
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