Telephone bills reimbursement, Medical reimbursements etc.Performance Bonus and Special Allowance.Income(Gross Salary + Other Income) – DeductionsĬTC= Total salary package of the employeeīasic Salary + HRA + Allowances – Income Tax – Employer’s Provident Fund – Professional Tax It can help to calculate the Gross earnings and deductions. Here we prepared few Salary Slip Excel Formats with predefined formulas. The format of Payslip consists of all earnings (fixed and variable) and deductions (fixed and variable) along with the mandatory tax deductions like TDS and FBT.
