How to create Payslip or Salary Slip?

Payslips or Salary slips are documents issued by the employer to the employees, containing the detailed breakdown of an employee's earnings and deductions for a given salary period which can be weekly, bi-weekly, monthly etc. Employee Payslips are generally distributed either as hard copy by taking the print out or else are published through online portals called employee self service. An employer is legally obliged to provide payslip copy to every employee in his payroll.

How to create Payslip or Salary Slip?

What is Salary Slip?

A salary slip is an official document issued by an employer to an employee. It contains a detailed description of the employee’s salary components. Earnings like Basic Pay, Transport Allowance, HRA, Leave Travel Allowance, Bonus, Overtime Pay etc and deductions like Income Tax, Loss of Pay, Provident Fund, Insurance etc of a specified time period for which your salary period is defined, usually a month. It may be issued on paper or mailed to the employee or maybe even published online or locally through Employee Self Service. Employers are legally bound to issue salary slips to their employees periodically, as proof of salary payments to employees and deductions made.

What is Salary Slip?
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