A salary slip is a document issued by the employer to his employees when they are paid their salaries. This simple business document contains information about salary of an employee like his pay, money deducted as tax, against some advances, pensions or as national insurance contributions, overtimes, allowances etc, net amount paid etc. A salary slip will also include employee’s name, designation, month of payment, date of payment and signatures of employer and employee to prove that payment has been made by the employer and employee has received his salary. Salary slip is very important for different purposes as it can be presented as an evidence to new employers that they have been paid that amount or a proof of payment made in case of any dispute etc.
A salary slip format is a formal written sheet of paper prepared by the employer & signed by an employee after receiving the salary. However, it’s a general sort of slip which always issued by the employer when the employees of company has been paid with salaries. So, we can also say that it’s a simple business slip which record the facts related to the salary of an employee along with other crucial stuff, just like; money deducted as taxes, actual pay, statement of insurance, some advance deductions, pensions, security deposits, utility charges, national contributions, overtime amounts, allowance, net paid amount, employee’s name, designation, month of payment, date of payment, signatures of the employee, employer signature, company stamp, etc.
No doubt, a precise slip of salary could be used for variety of purposes, but here the leading objective of this slip is to keep it as evidence. In case if the employee blames the employer to repay the salary, then this salary slip template will protect the employers as a proof which explains that the employer has made the payments for salary through check or cash on specific date. Thus, the salary slip will help the employee for renting an apartment for residency or applying for a bank loan.
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