A salary slip template is a managerial document which indicates the amount of total salary that is received. This slip can be issued weekly, monthly or annually, as per the requirements of management or organization. This is written proof that the employee has received his or her salary. It is very helpful for calculation of salary as well as employee’s income. This document is the responsibility of the owner to present it to his or her employees at their request. It would be wise to keep salary slips with you for future reference or resolving disputes, no matter whether you are owner or employee. The facts and figures mentioned on a salary slip should be accurate, and it is the responsibility of the owner. If a wrongly filled salary slip is generated, then the employer is liable to regenerate it with true data.
What to Include in a Salary Slip?
The salary slip template is a legal document that includes the basic yet most important financial information about the employees. It starts with their monthly salary which they earned after working for a specific period of time as mentioned in their employment agreement. It further includes the full name of an employee, department name, month, official designation and net salary amount after deductions, if any. The serial numbers of salary slips help in the calculation of the total number of employees. The salary slip also plays an important role in keeping a record of the salary of all employees in an organization. Sometimes these slips are checked by the tax department for confirmation of the total salary.
Details of Salary Slip:
A salary slip is given to you every month by your finance department once your salary gets paid out. It is most importantly used when you have to apply for a loan or a new credit card. It will help you to choose smartly from competing offers when you are looking to switch jobs and to understand what percentage of your salary is forced savings (EPF, ESI etc.) It also includes the employee’s name, designation, and month of payment, date of payment with employer and employee’s signatures as proof that payment has been made by the employer and has been received by the employee.
