So, here are the main employee salary slip components that almost all kinds of payslip formats include:

But, all salary slip formats are supposed to contain some general heads. The employee payslip format could be very different for different organizations. You are required to show your employee salary slip whenever you are applying for loans, credit card, or for paying income tax amount every financial year, etc. A salary payslip is very vital since it is the legal proof of the salary payments and deductions. as well as specific details of his employment.

What is Salary Certificate? How is it different from a salary slip?Ī salary slip is a document issued by an organization to its employee that comprises a list of his various salary components like basic salary, HRA, LTA, Bonus, TA, DA, taxes and deductions etc.

Taxable/partially taxable & non-taxable components of salary slip.

Differences between Cost to Company (CTC) and in-hand salary.

How knowledge of salary slip increases your take-home salary?.

How to Read and Understand Your Salary Slip?.

Important Components of a Salary Slip/Pay Slip.

How does Salary Slip help to Save Income Tax?.

Download Salary Slip/Payslip Sample Format or Template.

While every company has to provide you Pay Slips, few companies even offer a print of payslip to their employee or email salary slip in PDF format to their employees so that we can download the payslip anytime. That’s why according to law, it is your right to ask for the Pay Slip if your company is not issuing it. The employee Salary Slip is a very important legal document proof for his earnings. are exempt from the tax deductionĪdditionally, Payslip is very important for applying credit card, loans, mortgage of houses and the government benefits such as tax benefits, subsidy and medical benefits.

Telephone bills reimbursement, Medical reimbursements etc.

Performance Bonus and Special Allowance.

Income(Gross Salary + Other Income) – DeductionsĬTC= Total salary package of the employeeīasic Salary + HRA + Allowances – Income Tax – Employer’s Provident Fund – Professional Tax It can help to calculate the Gross earnings and deductions. Here we prepared few Salary Slip Excel Formats with predefined formulas.

The format of Payslip consists of all earnings (fixed and variable) and deductions (fixed and variable) along with the mandatory tax deductions like TDS and FBT.

Employee salary slip format pdf