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Salary slip are also valuable in case of paying tax to government authorities.

Employees may require it when they are applying for a loan of big amount, or applying to a new organization where the potential employer needs the salary slip reference to get idea how much salary should be considered for him/her appropriately. There can be various objectives behind using the Salary slip including the formal evidence document of salary function of employee(s).

A Salary Slip Format is a single formal document that most comprehensively defines and manages the salary function by taking control over it. It consists of the information like total earned salary paid to the employee, particular time period of the salary, money deducted such as tax, pension or other contributions, and description of any special consideration attached with the salary function of an employee with all adjustments. An ideal format of salary slip holds all necessary columns and details that can prove vital in salary management and important in managing the salary aspects according to the need of the hour. So many tools are used to handle the salary functions and the salary slip ideally covers all the aspects of salary paid to the employee. Some employers cut the salaries in case of extra number of absentees, so the salary slips become the subject of performance and presence. You can also review our post on free Salary Certificate Templates if you need to print a Salary Certificate for your employee. It can be portrayed as evidence to new employers that their amount has been paid to them in case of any dispute. A Salary Slip is very important for many purposes. A Salary Slip also includes employee’s name, designation, and month of payment, date of the payment with signatures of both employer and employee as a proof that payment has been made by the employer and has been received by the employee.

and finally net amount paid to the employee. This modest business document comprises of information about the salary of an employee like his wage, amount subtracted as tax, alongside some fees, pensions, national insurance contributions, overtimes, allowances etc. A Salary Slip is a certificate handed out by an employer to his/her employees when they are given their salaries.