Question

Which of the following items are commonly included as components of an employee’s pay slip?

(P) Provident Fund

(Q) Gratuity

(R) House Rent Allowance

(S) Employee Stock Option

Options

• Only (P) and (Q)

• Only (P) and (R)

• Only (Q) and (R)

• Only (R) and (S)

Answer 1

Only (P) and (R)

Explanation:

A pay slip contains details of an employee’s monthly earnings and deductions. Provident Fund (PF) appears as a monthly deduction, and House Rent Allowance (HRA) appears as part of the salary. Gratuity and Employee Stock Options are long-term benefits, so they are not included in monthly pay slips.