The salary slip contains the break-up of your employee’s salary which can help them understand their take-home salary, taxes paid to the government and forced savings such as PF and ESI.Here are 4 major reasons salary slips are important. And, it is your responsibility to ensure salary slips are generated and sent to employees every month. Salary slips are important for your employees for a variety of reasons. As an employer, you are legally bound to issue salary slip to your employees as proof of salaries paid and necessary deductions made. This document can either be printed out and given to the employees or mailed to them. What are the components of a salary slip?Ī salary slip can be defined as a document issued by an employer to its employees, containing the detailed breakdown of an employee’s earnings and deductions for a given month.In this article, we will be covering the following topics. However, the importance of a salary slip is often overlooked, and the need to understand how to read and create a salary slip is ignored. Salary slips are just as valuable as any other written proof is – investment documents or purchase invoices. (Oh, the sweet sound of that morning SMS.) And, salary slip is the written or printed document entailing the details of your salary. If the end of the month leaves most of us dreadful, the beginning of the new month brings about a pleasant joy as our hard-earned money gets credited to our account.
