A salary slip or payslip is a document issued monthly by an employer to its employees. It contains a detailed summary of an employee’s salary and deductions for a given period. This particular slip can be either a printed copy or sent to the employees via email. It is important to note that a company is legally bound to issue a payslip periodically as proof of salary payments to its employees.
Every salaried employee receives a salary slip periodically, but the majority of them don’t know the importance of this document. Here we have talked about the importance of salary slip, its components, format, income part of salary slip, deductions, and other related topics.