salary slip format in excel with formula

Other Deductibles (If Any) (column H): Deductibles other than Income Tax.

Income Tax (column G): Tax payable on Gross Pay.

Gross Pay (column F): Payable amount to the employee without any deductibles.

Total Overtime Hours (Column E): Number of hours employees overtime in a day.

Overtime/Hour (column D): Overtime rate per hour without any currency symbol.

Total Hours Worked (column C): Contains total hours worked by an employee in a day.

Pay/Hour (column B): Contains per hour pay rate to the employee without any currency symbol.

Employee Name (column A): Contains your employee name.

Enter the column names in the following hierarchy. Step 3: In this newly created file where all your employee payroll information would be stored, create some column with names that can hold the values for certain parameters/variables. Step 2: Save the file on the location you want your payroll to be saved so that it does not get lost, and you will always have it with you. Type “Excel” and double click on the match found under the search box to open a blank excel file. Step 1: Open a new blank excel spreadsheet. You can download this Payroll Excel Template here – Payroll Excel Template Let’s understand how to create the Payroll in Excel with a few steps. Payroll in Excel is very simple and easy.

In this article, we are going to see how we can create a payroll manually from scratch. The range of simple formulae and its simple layout makes excel stand out for those who are doing payroll manually for their employee. Yes, you might have guessed it right! Microsoft Excel. With all these requirements, you can easily guess the tool. In order to do payroll manually, you need something (definitely a tool) that is powerful, versatile and easy to handle at the same time.

Having already said it is a time, cost and manpower consuming task, it provides you total control over your employee’s payroll as well as of each penny you are spending on them at the same time.

With all the ease it makes for them to be considered, some businesses prefer to do payroll work on their own (in-house) and manage it accordingly. Apart from that, it consumes manpower engaged as well. However, the core of those is that it is very time-consuming to do all the manual work for payroll and have it set.

Several reasons are there for this approach. While most organisations turn their heads towards software like Tally or ADP for payroll, or they give a contract to some outsourcing companies to provide them with the payroll services without any fuss.

Salary slip format in excel with formula