Allowance – Some employers provide allowances to employees like house rent, conveyance, medical perks, etc.Basic Details – Under the basic details sections there is, Name of the company, location, Name of the Employee, Employee designation, Date of the payslip is given along with the bank name and account where the salary is being transferred to.If you don’t have a proper knowledge or understanding about the details in the salary slip or payslip, it can impact you later when you apply for financial assistance or change to another company. Salary Slip ComponentsĮven though a Salary Slip may look like a simple document with salary details, there are different components that need to be noted in it. Number of working days, number of leaves taken, leaves pending, Leaves without payĪ sample salary slip or payslip is Note: The Salary Slip attached here is a sample format.A basic salary slip contains details like, Be it hard copy or a soft copy, these payslips need to be documented and stored properly. But some employers provide a paper copy and some give a digital copy of the salary slip. The format of a salary slip may differ from employer to employer. This will also help in salary negotiations. For the next employment – Even most of the companies ask for a salary slip to provide as proof of current or previous work.

Financial institutions determine the loan repayment capability according to the payslip.

Document for financial assistance – When you apply for a credit card, personal loan, salary account, bank account, insurance or any other financial requirement, the salary slip is a mandatory document.

It is legal proof while applying for a university or visa.

Proof of Employment – It acts as proof that the individual has a job and is getting paid as per the details mentioned in a salary slip.

Apart from this, there are other important benefits with a salary slip or payslip like, A salary slip is also known as payslip and is considered an important document because it acts as a proof of the salary which can be used on various occasions like at banks while applying for a personal loan, bank account, etc.Ī salary slip is proof of the income that an employer is paying the employee. It gives details of the salary given along with different components of the salary. Salary Slip is an important document provided by an employer to the employees.

Normal salary slip format