diff --git a/erpnext/payroll/doctype/salary_slip/salary_slip.py b/erpnext/payroll/doctype/salary_slip/salary_slip.py
index e4c816c8fb4..f652125337b 100644
--- a/erpnext/payroll/doctype/salary_slip/salary_slip.py
+++ b/erpnext/payroll/doctype/salary_slip/salary_slip.py
@@ -626,7 +626,7 @@ class SalarySlip(TransactionBase):
 		for struct_row in self._salary_structure_doc.get(component_type):
 			amount = self.eval_condition_and_formula(struct_row, data)
 			if amount is not None and struct_row.statistical_component == 0:
-				self.update_component_row(struct_row, amount, component_type)
+				self.update_component_row(struct_row, amount, component_type, data=data)
 
 	def get_data_for_eval(self):
 		"""Returns data for evaluating formula"""
@@ -780,7 +780,7 @@ class SalarySlip(TransactionBase):
 			self.update_component_row(tax_row, tax_amount, "deductions")
 
 	def update_component_row(
-		self, component_data, amount, component_type, additional_salary=None, is_recurring=0
+		self, component_data, amount, component_type, additional_salary=None, is_recurring=0, data=None
 	):
 		component_row = None
 		for d in self.get(component_type):
@@ -850,6 +850,8 @@ class SalarySlip(TransactionBase):
 		component_row.amount = amount
 
 		self.update_component_amount_based_on_payment_days(component_row)
+		if data:
+			data[component_row.abbr] = component_row.amount
 
 	def update_component_amount_based_on_payment_days(self, component_row):
 		joining_date, relieving_date = self.get_joining_and_relieving_dates()
diff --git a/erpnext/payroll/doctype/salary_slip/test_salary_slip.py b/erpnext/payroll/doctype/salary_slip/test_salary_slip.py
index 1f17138d0c8..425a03b3ba6 100644
--- a/erpnext/payroll/doctype/salary_slip/test_salary_slip.py
+++ b/erpnext/payroll/doctype/salary_slip/test_salary_slip.py
@@ -1119,6 +1119,7 @@ def make_earning_salary_component(
 			"formula": "BS*.5",
 			"type": "Earning",
 			"amount_based_on_formula": 1,
+			"depends_on_payment_days": 0,
 		},
 		{"salary_component": "Leave Encashment", "abbr": "LE", "type": "Earning"},
 	]
diff --git a/erpnext/payroll/doctype/salary_structure/salary_structure.py b/erpnext/payroll/doctype/salary_structure/salary_structure.py
index ed2a863b3dc..bebf0303798 100644
--- a/erpnext/payroll/doctype/salary_structure/salary_structure.py
+++ b/erpnext/payroll/doctype/salary_structure/salary_structure.py
@@ -1,6 +1,7 @@
 # Copyright (c) 2015, Frappe Technologies Pvt. Ltd. and Contributors
 # License: GNU General Public License v3. See license.txt
 
+import re
 
 import frappe
 from frappe import _
@@ -18,6 +19,7 @@ class SalaryStructure(Document):
 		self.strip_condition_and_formula_fields()
 		self.validate_max_benefits_with_flexi()
 		self.validate_component_based_on_tax_slab()
+		self.validate_payment_days_based_dependent_component()
 
 	def set_missing_values(self):
 		overwritten_fields = [
@@ -58,6 +60,35 @@ class SalaryStructure(Document):
 		if flt(self.net_pay) < 0 and self.salary_slip_based_on_timesheet:
 			frappe.throw(_("Net pay cannot be negative"))
 
+	def validate_payment_days_based_dependent_component(self):
+		abbreviations = self.get_component_abbreviations()
+		for component_type in ("earnings", "deductions"):
+			for row in self.get(component_type):
+				if (
+					row.formula
+					and row.depends_on_payment_days
+					# check if the formula contains any of the payment days components
+					and any(re.search(r"\b" + abbr + r"\b", row.formula) for abbr in abbreviations)
+				):
+					message = _("Row #{0}: The {1} Component has the options {2} and {3} enabled.").format(
+						row.idx,
+						frappe.bold(row.salary_component),
+						frappe.bold("Amount based on formula"),
+						frappe.bold("Depends On Payment Days"),
+					)
+					message += "<br><br>" + _(
+						"Disable {0} for the {1} component, to prevent the amount from being deducted twice, as its formula already uses a payment-days-based component."
+					).format(
+						frappe.bold("Depends On Payment Days"), frappe.bold(row.salary_component)
+					)
+					frappe.throw(message, title=_("Payment Days Dependency"))
+
+	def get_component_abbreviations(self):
+		abbr = [d.abbr for d in self.earnings if d.depends_on_payment_days]
+		abbr += [d.abbr for d in self.deductions if d.depends_on_payment_days]
+
+		return abbr
+
 	def strip_condition_and_formula_fields(self):
 		# remove whitespaces from condition and formula fields
 		for row in self.earnings: