Salary: This is the basic remuneration an employer gives its employees every month.Thus, the information included in the salary slip is as follows: Similarly, the salary components are divided into categories like income and deduction. Important Information to be included in the salary slipĪ salary slip comprises basic information like the company’s name, employee, designation, employee code, etc. The salary slip is of utmost importance to the employer and employee as it provides accountability and transparency. Through this salary slip, the employees can know how much they will receive each month, and also they can use this information to calculate the amount of taxes they need to pay and calculate their net income after taxes deductions. The salary slip is either mailed to the employees or printed hard copies given to the employees.Ī company is legally bound to issue the salary slip periodically as proof of salary payment to its employees and deduction. It comprises a detailed breakdown of employee salaries and deductions for a given period. Explaining it in other words, it is a small piece of paper that is used to record the salaries of the employees. A salary slip or also referred to as a pay slip, is a document that is issued monthly by an employer to its employees.
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