In addition, it acts as financial proof when applying for a banking service or other government-related services where you need to disclose your income. Importance of a salary slipĪ salary slip act as proof of monthly income to the employee and mentions various deductions and gross salary. In the article below, we'll understand the components and format of a salary slip. It acts as a legal document and financial proof at banks and other government organisations. While most employees don't understand the significance of a salary slip, it is more than just a receipt of your monthly income. It is a compulsion for every employer to issue a salary slip to each employee as proof of salary payment. It can be a hard copy printed on paper or sent over email. It contains details of monthly income and deductions in a set formatĪ salary slip shows employees' net earnings, including the deductions and premiums for various investments. A salary slip is a monthly document issued to an employee by the company.
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