Under the Code on Wages 2019, every payslip should show: employee name + ID, employer name + address, period covered, gross wages, basic + DA breakdown, all earnings components, all statutory deductions (PF, ESI, PT, TDS), other deductions (loan, advance, etc.), net pay in figures and words, employer & employee signature blocks (or digital signature), and the date of payment.
Employee PF = 12% of (Basic + DA), capped at the statutory wage ceiling of ₹15,000/month unless the employer has elected to contribute on actual wages. Employer PF = 12% as well, of which 8.33% goes to EPS (pension) and 3.67% to EPF. The employer contribution is shown separately at the bottom of the payslip; only the employee's 12% deduction reduces take-home pay.
Employees' State Insurance applies when an employee's gross salary is ≤ ₹21,000 per month. Employee contribution: 0.75% of gross. Employer contribution: 3.25% of gross. If salary crosses ₹21,000 mid-period, ESI continues until the end of the contribution period (Apr-Sep or Oct-Mar) before being discontinued.
Professional Tax (PT) is a state-level tax on salaried income. Slabs and amounts vary by state — Karnataka caps at ₹200/month, Maharashtra at ₹2,500/year with February top-up, Tamil Nadu at ₹1,250/half-year. PT is deductible from taxable income under section 16(iii).
The employer estimates the employee's annual taxable income, computes annual tax under the chosen regime (Old or New), subtracts already-paid TDS, and divides the remainder by the months remaining in the financial year. The monthly TDS deduction can vary based on declaration changes, bonus payments, or salary revisions. PeopleOS recomputes TDS every month to keep the year-end true-up minimal.
No — this is a free preview tool to show the standard Indian payslip format and how statutory components are calculated. For real payslips with QR-verified signatures, audit trails, and tax-traceable computations, use the PeopleOS payroll engine which generates A4 PDFs every month.