Instant Salary Slip Generator

All You Need to Know About Salary Slip Generator

No installation or template setup is needed. Creating a payslip with our tool takes just a few steps:

1. Enter details:Add your company name and logo, then fill in employee information such as name, ID, and pay period.

2. Add earnings and deductions:Enter earning components like Basic salary and HRA, along with deductions such as Provident Fund and Income Tax.

3. Generate: :Preview the payslip and check that every figure is correct.

4. Download: :Export the finished payslip as a PDF, ready to print or share directly with your employee.

Every field stays editable until you generate the final version, so a typo doesn't mean starting over from scratch.

Earnings

Basic salary: The fundamental component of an employee's compensation, typically 40-50% of the Cost to Company (CTC). Basic salary forms the base for calculating various allowances and deductions.

House Rent Allowance (HRA): An allowance provided to employees to meet rental expenses. HRA is typically 40-50% of the basic salary for employees in metropolitan cities and 30-40% in non-metropolitan areas.

Dearness Allowance (DA): An inflation-linked component paid to employees to offset the impact of rising living costs, common in government and public sector organizations.

Special Allowance: A flexible component that employers can use to structure the CTC after accounting for basic salary and other standard allowances.

Performance Bonus: Variable pay linked to individual, team, or organizational performance metrics, paid monthly, quarterly, or annually.

Other Allowances: Additional components like conveyance allowance, medical allowance, and education allowance, which may have specific tax implications.

Deductions

Employees' Provident Fund (EPF): A mandatory retirement savings scheme where both employer and employee contribute, typically 12% of basic salary from each.

Employee State Insurance (ESI): Mandatory for employees earning up to ₹21,000 a month (₹25,000 for persons with disabilities). Employees contribute 0.75% of wages and employers contribute 3.25%.

Professional Tax: A state-imposed tax on professions, trades, and employment. The amount varies by state and salary slab.

Income Tax (TDS): Tax Deducted at Source as per the employee's income tax slab and declarations under various sections of the Income Tax Act.

Health Insurance Premium: Deductions for employer-provided health insurance coverage or group medical insurance.

Loan Repayments: Installments for any loans or advances taken by the employee from the organization.

Gratuity isn't a monthly line item, but it's worth keeping in mind. Under Indian labour law, an employee becomes eligible for gratuity after completing five years of continuous service, paid at the rate of 15 days' wages for each completed year of service. Employers typically account for it separately, either as a lump-sum payout on exit or as part of long-term retirement planning, rather than folding it into a routine payslip.

Why use Keka's payslip generator?

Our payslip generator is completely free to use, requires no signup, and lets you download a Wage Code 2019 compliant salary slip as a PDF the moment it's ready. It's built for anyone who needs a professional, accurate payslip without setting up spreadsheets or payroll software from scratch.

• Keka saves you hours of manual labor by automatically calculating totals and converting amounts to words.
• You can choose from various templates to give your payslips a neat and orderly appearance, whether you need a simple format or one with more detailed breakdowns.
• Feel secure knowing that all our salary slip formats adhere to the Wage Code 2019 and other Indian labor regulations.
• You can alter the salary slip to meet your business's unique requirements by adding or deleting elements as needed.
• Sensitive payroll data is completely secure and private because it never leaves your browser.
• Whether you're running your first payroll as a small business or handling a monthly batch as part of an HR team, the same tool scales to either use case.