Payslip Generation
Professional, compliant payslips for your team — with a clear salary breakup, statutory deductions and net pay. We generate accurate payslips each month, whether standalone or as part of full payroll.
Starts at
₹499/mo
Professional fees, government fees, late fees, penalties, payroll size, transaction volume, number of employees, entity type, filings and compliance complexity may vary.
Timeline
Monthly, with each payroll
Documents
Salary breakup & deductions
Clear salary breakup
Statutory deductions shown
Monthly delivery
Expert-reviewed
Pricing
Payslip generation
Per employee per month, often bundled with payroll. Standalone payslips are available too.
Payslips
Standalone
+ GST | from
- Salary breakup
- Statutory deductions
- Net-pay calculation
- Monthly delivery
With Payroll
Part of payroll
In payroll
- Payslips in payroll
- Reconciled to the run
- Employee portal-ready
- Form 16 at year-end
Prices are professional fees and indicative. Government fees, stamp duty, DSC, PAN/TAN, state charges and third-party costs are extra and may change. A final engagement summary separates each component before payment.
Overview
What is Payslip Generation?
A payslip is the document an employer issues each pay period showing how an employee's salary is computed — the breakup of basic, allowances and variable pay, the statutory and other deductions (PF, ESI, professional tax, TDS), and the resulting net pay. It's both a professional norm and important documentation employees rely on for loans, visas and their own tax filing.
Accurate payslips require correct salary structuring and deduction computation — which is why they're best produced as part of a proper payroll run, though we can also generate them standalone from your salary data.
We generate clear, compliant payslips for your team each month, reflecting the right breakup and deductions, reviewed for accuracy.
Is it for you?
Who needs it — and who doesn't
Recommended if
- Employers who need to issue payslips
- Startups formalising salary documentation
- Businesses whose employees need payslips for loans/visas
- Anyone wanting professional, accurate payslips
May not be needed if
- Businesses with no employees
- Employers already issuing payslips via a reliable system
Benefits
Why it's worth doing right
Professional & clear
A clean breakup of earnings and deductions gives employees the documentation they need and expect.
Accurate deductions
PF, ESI, PT and TDS shown correctly, reconciled with payroll — no confusing or wrong payslips.
Loan & visa ready
Proper payslips are what banks and embassies ask employees for; we make sure they're solid.
Eligibility
Eligibility & key conditions
- You pay employees and need payslips
- You can share salary breakup and deductions
- You want monthly, accurate documents
Documents
Documents required
What we need
- Employee salary structures/breakup
- Deduction details (PF/ESI/PT/TDS)
- Attendance/leave (if it affects pay)
- Company/branding details for the payslip
Process
A clear path from start to filed
Costs
Fees & cost breakdown
| Cost component | Indicative amount |
|---|---|
| Professional feePer employee; bundled in payroll | From ₹499/mo |
| Government feePayslips have no government fee | Nil |
Deliverables
What you receive on completion
After this filing
What you need to stay compliant next
Best with payroll
Payslips are most accurate as part of a full payroll run — we can upgrade you anytime.
Records kept
We keep payslip records in your secure vault for easy retrieval.
Avoid delays
Common mistakes & reasons for rejection
Common mistakes
- Inconsistent or unclear salary breakup
- Deductions on the payslip not matching actual filings
- No payslips at all (a red flag for employees)
- Generating standalone when full payroll is needed
AI-powered assistance
AI does the heavy lifting. Experts make the call.
AI assists with checks, drafting and explanations only. A qualified professional reviews every defined checkpoint and the final filing before submission. AI does not make consequential compliance decisions on its own.
Give your team proper payslips
Clear, compliant payslips with the right breakup and deductions, every month — standalone or as part of full payroll.
Compare
Payslip Generation vs Payroll Management
| Factor | Payslip Generation | Payroll Management |
|---|---|---|
| Scope | Just the payslips | The full payroll run |
| Accuracy source | Best when fed by payroll | Computes the whole payroll |
| Best for | Documentation need | Running payroll end to end |
Use cases
Built for how real businesses operate
Small employer
Need: Issue payslips
We suggest: Standalone payslips from salary data.
Payroll client
Need: Integrated payslips
We suggest: Payslips as part of the payroll run.
Why MyFinancialAdvisory
A more accountable way to stay compliant
Quality & accountability
Reviewed by compliance experts
Every payslip generation engagement is prepared with structured checks and signed off by qualified professionals before anything is filed — speed without sacrificing accuracy.
Reviewed by
Reviewed by MyFinancialAdvisory Compliance Team
Accounting, payroll & compliance review
Your books, payroll and filings are prepared with AI-assisted checks and reviewed by qualified accountants and compliance professionals before anything is filed. Business compliance, powered by AI — verified where possible, reviewed by experts, tracked by you.
Structured document checks
Documents and eligibility follow structured checks before expert review.
Expert-reviewed before filing
A qualified professional signs off every defined checkpoint.
Compliance-safe guidance
Advice mapped to current rules — no shortcuts, no guesswork.
Keep exploring
Hub
Accounting & Compliance
Bookkeeping, payroll, virtual CFO and recurring compliance.
Service
Payroll Management
Monthly payroll run with statutory deductions.
Service
HR Payroll Services
End-to-end payroll and HR compliance.
Service
TDS on Salary
Salary TDS, Form 138 (was 24Q) and Form 130 (was 16).
Service
PF Return Filing
Monthly EPF ECR filing and compliance.
FAQs
Payslip Generation — frequently asked questions
What is a payslip?
A document issued each pay period showing an employee's salary breakup, statutory and other deductions (PF, ESI, PT, TDS) and net pay. It's both a professional norm and key employee documentation.
Can you generate payslips standalone?
Yes — we can generate payslips from your salary data, though they're most accurate as part of a full payroll run.
What's on a compliant payslip?
A clear breakup of basic, allowances and variable pay, the statutory deductions, any other deductions, and the net pay — with your company details.
Why do employees need payslips?
Banks (for loans), embassies (for visas) and the employees' own tax filing all rely on payslips. Proper payslips matter for your team.
How are payslips priced?
Per employee per month, from ₹499/month (+ GST), and usually bundled at no extra cost within full payroll management.
Will deductions on the payslip match my filings?
Yes — when payslips come from a proper payroll run, PF/ESI/PT/TDS shown reconcile with what's actually filed and deposited.
Do you keep payslip records?
Yes — payslips are stored in your secure document vault for easy retrieval by you and (where enabled) employees.
Ready to get payslip generation done?
Start with a quick conversation. We’ll confirm scope, documents, fees and the next deadline.