Lwp Pay Slip
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Hi Sruthi,As Padmini suggested, a payslip is just a tabular format of all earnings and deductions. Moreover, there is no standard structure for payslips; you shall design your own payslips. If needed, I shall email you a few samples.CTC is only the structure and...
Hi Aprana,LWP stands for Leave Without Pay. For LWP, salary will get deducted for the number of days of absenteeism. LWP can occur when there are no leaves credited or for unauthorized leave (without informing).Regards,Harshad
Hello All,Could someone explain to me what LWP is?
Hi, I worked at HCL Hyderabad and requested a transfer to Chennai. Initially, they agreed without knowing the 18-month policy, but later did not provide the transfer. To convince the client, they asked me to go on leave, which I did. Subsequently, I went on LWP ...
Based on the employment agreement, we can employ a person on consultancy to minimize taxation, and they can pay the applicable percentage of TDS. Thus, we can issue a payslip, which can be referred to as a consultancy fee slip. There is no legal binding that pre...
Pay slips are given to employees, not consultants.
Dear Geeta,Consultants need to raise an invoice, and payment is made against the invoice. There is no payslip involved or required to be given in such a circumstance.Regards,Rahul
Can we give a payslip to a consultant?–-
Pay slips are for employees. A consultant is not an employee. Thus, the issuance of a pay slip is not applicable.Thanks,S. Sensharma
Payslip/Salary slip is mandatory in the case of persons employed by an establishment on their muster roll, whereas consultants provide services for a limited/specified period.Kritarth Team, 26.3.2019