Taxability: Basic salary is 100% taxable if it crosses the Income Tax Slabs.
Usually, the basic salary is 40-50% of CTC. Basic Salaryĭescription: Basic salary is the fixed amount to be paid to an employee addition of any allowances or subtraction any deductions. There are three major components of the Salary: Basic Pay, Allowances, and Deductions. You just need to enter the payroll data of your employees and print the salary slip. We have created the 9 ready-to-use Salary Slip Templates with predefined formulas. Salary Slip is a payroll document that contains details of salary paid to any employee which include basic salary, allowances, deductions, attendance, leave record, etc.
