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What is a Salary Slip?

A salary slip (payslip) is a document that shows your monthly earnings and deductions from your CTC (Cost to Company). It breaks down your gross salary into Basic Pay, HRA (House Rent Allowance), Special Allowance, and other earnings, then deducts Provident Fund (PF), Professional Tax, TDS (Tax Deducted at Source), and any Loss of Pay (LOP). Banks require salary slips for loan applications, and employers use them for statutory compliance. Our free generator instantly structures your CTC into a professional payslip PDF that follows Indian payroll standards β€” perfect for employees, freelancers, and small business owners who need salary documentation without manual calculations.

Key Benefits:

  • βœ“ Instant PDF Generation β€” Professional salary slip in seconds, ready to download
  • βœ“ AI Salary Structuring β€” Automatically breaks down CTC into Basic, HRA, Special Allowance following Indian norms
  • βœ“ Automatic Tax Calculations β€” PF (12%), Professional Tax, TDS all calculated per Indian law
  • βœ“ Bank Loan Ready β€” Format accepted by all Indian banks and NBFCs for salary verification

Who Should Use This?

Employees applying for home loans, personal loans, or credit cards; freelancers documenting income; HR teams generating payslips; contractors proving salary history; and anyone needing professional salary documentation without accounting software.

How does it work?

Simply enter your CTC (Cost to Company). The AI automatically breaks it down into components (Basic Salary, HRA, Special Allowance) following Indian payroll conventions, then calculates all deductions (PF at 12% of Basic, Professional Tax per state, TDS if applicable). Click download to get a professional PDF payslip ready for banks, loans, or employer records. No signup, no fees.

Frequently Asked Questions

What components are included in a salary slip in India?

Earnings: Basic Salary, HRA, Special Allowance, LTA, and other allowances. Deductions: Provident Fund (12% of Basic), Professional Tax, TDS, and LOP. The tool generates all components automatically from your CTC input.

How is PF calculated on a salary slip?

Employee PF is 12% of Basic Salary, capped at β‚Ή1,800/month. Employer contributes another 12% (3.67% EPF + 8.33% EPS). Both are calculated and shown automatically.

What is Professional Tax (PT)?

PT is a state-level tax on salaried employees β€” typically β‚Ή200/month for salaries above β‚Ή15,000 in most states. The tool applies the correct PT deduction for your salary range.

How is HRA calculated from CTC?

HRA is 40–50% of Basic Salary (50% in metros, 40% in non-metros). Basic is typically 40–50% of CTC. The AI structures your CTC into standard components following Indian payroll conventions.

Is this salary slip accepted by banks?

Yes. The PDF includes all standard fields: employee and company details, earnings breakdown, deductions, and net pay β€” accepted by most Indian banks and NBFCs for loan applications.