![]() ![]() This document plays a vital role in various scenarios. You will also find deductions such as Employee Provident Fund (EPF) and Professional Tax (PT). Components like basic salary, leave travel allowance, and special allowances represent the earnings section. What is a salary slip?Ī salary slip serves as a crucial document for both the employer and the employee in India. 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. A salary slip shows employees' net earnings, including the deductions and premiums for various investments. ![]()
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