| Basic | ₹50,000 |
| HRA | ₹20,000 |
| Allowances | ₹5,000 |
| Other | ₹0 |
| Gross | ₹75,000 |
| PF | ₹1,800 |
| Tax | ₹5,000 |
| Other Deductions | ₹0 |
| Net Pay | ₹68,200 |
Use this tool to generate a complete monthly payslip with all salary components, deductions, and net pay clearly displayed. This is especially useful for salaried professionals, employers, and payroll managers who want an accurate salary breakdown in seconds.
The payslip summary helps you verify salary calculations and can be shared with employees, used for bank applications, or stored for record keeping.
The gross salary is the sum of Basic, HRA, Allowances and any other earnings. From this amount, payroll deductions such as PF, tax, and other deductions are subtracted. The result is your net pay — the amount you take home.
Gross = Basic + HRA + Allowances + Other Earnings
Total Deductions = PF + Tax + Other Deductions
Net Pay = Gross - Total Deductions
For example, with ₹50,000 basic, ₹20,000 HRA, ₹5,000 allowances and ₹0 other earnings, gross pay is ₹75,000. If PF is ₹1,800, tax is ₹5,000 and other deductions are ₹0, net pay becomes ₹68,200.
Yes. Enter the employee details, salary components, and deductions to generate a complete payslip. It is suited for small teams and contractors.
Yes. Enter the monthly PF and tax amounts and the payslip will subtract them from gross salary to show net pay.
Yes. Use the Print Payslip button to open the browser print dialog and save the payslip as a PDF or print it directly.
You can add those values in the Other Deductions field to include them in the total deduction calculation.
This tool uses standard salary breakdown rules for Indian payslips and is designed for monthly payroll estimates.
Generate a professional, accurate salary slip in minutes using MoneyTool's free payslip generator. Enter the employee name, designation, salary components, and deductions — the tool calculates gross pay, all statutory deductions, and net take-home salary automatically. Download the completed payslip as a PDF with one click.
Indian payslips must reflect statutory deductions correctly: EPF at 12% of basic salary, ESI at 0.75% for employees earning up to ₹21,000 per month, TDS as per the applicable income tax slab, and Professional Tax as per the state government's schedule. This tool handles all of these automatically so you don't have to calculate them manually.
A payslip is not just an internal document — it is required by employees for loan applications, credit card approvals, rental agreements, and visa processes. Issuing a properly formatted salary slip protects both the employer and the employee and ensures compliance with Indian labour laws.
Yes, completely free. No login required, no watermark, and no limit on how many payslips you generate. Fill in the details and download the PDF instantly.
The payslip generator includes all standard Indian statutory deductions: EPF (Employee Provident Fund at 12% of basic), ESI (Employee State Insurance at 0.75% for eligible employees), TDS on salary, and Professional Tax as per your state.
No. All calculations happen in your browser. No salary or employee data is sent to or stored on any server. Your information stays completely private.
Yes. You can generate individual payslips for each employee one at a time. Fill in the employee details, generate the payslip, download it, and repeat for the next employee.
Gross salary is the total salary before any deductions — it includes basic pay, HRA, and allowances. Net salary (take-home pay) is what the employee receives after subtracting PF, ESI, TDS, and professional tax from the gross salary.
A payslip is official proof of income and employment. It is required when applying for loans, credit cards, rental agreements, and visa applications. It also helps employees verify that statutory deductions like PF and ESI are being correctly deducted and deposited.
EPF (Employee Provident Fund) deduction is 12% of the employee's basic salary. The employer also contributes 12%, of which 8.33% goes to EPS (Employee Pension Scheme) and 3.67% goes to EPF. The combined corpus grows with interest and is available on retirement or resignation after 5 years.