Rules for FY 2026-27
A salary slip lists the month’s earnings — Basic, HRA and allowances — then the deductions — PF at 12% of Basic, ESI if gross pay is ₹21,000 or less, professional tax and income tax — and the net pay in figures and in words. Fill in yours and download it as a PDF.
New to this? Tap ⓘ beside anything for a plain-English explanation, or read the words used here.
30 of 30 days paid.
For the PDF, choose Save as PDF in the print window. The Word file is yours to edit.
Your Company Pvt Ltd
Salary slip
September 2026
| Earnings | Amount |
|---|---|
| Basic | ₹25,000 |
| House rent allowance | ₹10,000 |
| Special allowance | ₹15,000 |
| Gross earnings | ₹50,000 |
| Deductions | Amount |
|---|---|
| Provident fund | ₹1,800 |
| Professional tax | ₹200 |
| Total deductions | ₹2,000 |
Net pay₹48,000
Rupees Forty-Eight Thousand Only
PF, ESI and professional tax come from the same functions Facto Lite’s payroll runs, for FY 2026-27. Nothing you type leaves this page — the PDF is made by your own browser.
Read the guide: Salary Slip Components: What a Payslip Must Show →
Read the guide: LOP Calculation: The Loss of Pay Formula, Worked →
A month’s salary slip in Karnataka on a ₹40,000 gross, full month, no TDS
What each field and each line of the result means, where to find it, and what to do if you do not know it.
The number the company knows the employee by. A wage slip has to carry it, with the name and designation.
The Code on Wages’ wage slip asks for it, beside the employee’s own name, so the slip identifies one person beyond doubt.
Universal Account Number — the employee’s 12-digit PF number, the same across every job.
On the EPFO member portal, or on an earlier payslip. Leave it empty if the employee is not in PF.
The employee’s 10-character income-tax number, such as ABCDE1234F. Needed on a slip that shows TDS.
The month the salary is for — the wage period. Professional tax can differ by month: Karnataka and Maharashtra charge more in February.
Days in the month the employee was absent without paid leave. Every earning is reduced by them: the full-month rate × paid days ÷ days in the month.
For example: Two unpaid days in a 30-day month on a ₹30,000 Basic: ₹30,000 × 28 ÷ 30 = ₹28,000.
The fixed core of the salary, for a full month. PF is worked out on it (with DA, if there is any).
The part of salary paid towards rent. Commonly 40–50% of Basic.
The balancing allowance — whatever of the gross is not Basic, HRA or another named allowance.
Retirement savings run by the government. 12% of your Basic is taken from your salary every month, and your employer puts in the same again. You get it back later, with interest.
Most employers deduct on Basic up to ₹15,000 — at most ₹1,800 a month. Some deduct on your full Basic: less in hand, more saved. Your payslip’s PF line tells you which: ₹1,800 means the ceiling.
For example: Basic of ₹50,000 on the ceiling: ₹1,800 from you, ₹1,800 from your employer. On full Basic: ₹6,000 each.
Health insurance for lower-paid employees. If your gross salary is ₹21,000 a month or less, 0.75% is deducted from it and your employer adds 3.25%. Above that, nothing.
A small tax some states charge on salaries. Your employer deducts it every month and pays it to the state. No state may charge more than ₹2,500 in a year.
Pick the state you work in (where your office is), not where you are from. It is worked out here for Karnataka, Maharashtra and Tamil Nadu; for other states it is left out, and the list says so.
For example: In Karnataka it is ₹200 a month once your salary is ₹25,000 or more, and ₹300 in February — ₹2,500 for the year.
The month’s income tax, deducted by the employer — the year’s tax on the regime the employee chose, spread over the months left in the year.
Not sure? The tax regime calculator works out the year’s figure; divide by twelve.
Total earnings less total deductions — what reaches the employee’s bank. The slip writes it in words as well, so it cannot be altered.
In-hand salary calculator
Take-home is your gross salary minus employee PF (12% of Basic, at most ₹1,800 a month on the ₹15,000 ceiling), ESI if your gross is ₹21,000 or less, professional tax and income tax — and under the new regime a salary of up to ₹12,75,000 pays no income tax at all.
PF and ESI calculator
PF is 12% of Basic + DA from the employee and the same from the employer — ₹1,800 each on the usual ₹15,000 ceiling, with ₹1,250 of the employer’s share going to pension — and ESI is 0.75% from the employee and 3.25% from the employer when gross pay is ₹21,000 a month or less.
Old vs new tax regime calculator
The new regime costs less for most salaried people — a salary of up to ₹12,75,000 pays no tax at all — and the old regime wins only when HRA, 80C, 80D, home-loan interest and NPS together take off more than a break-even amount: on a ₹15,00,000 salary, ₹5,43,800 a year.
Facto Lite makes every employee’s slip from attendance, leave and their salary structure, and each person opens their own on their phone. See Payroll.
Sixty days of Facto Lite free, no card. Attendance to payroll to a payslip each employee can open — without typing a single one.