What a salary slip should include
- Employer name and address, employee name, ID and designation.
- Pay period, working days and paid days.
- Earnings: basic salary, HRA, special and other allowances, bonus or overtime.
- Deductions: provident fund (PF), professional tax, income tax (TDS), ESI and any loan or advance recovery.
- Net pay in figures and words.
Why salary slips matter
Employees need payslips for loan and credit card applications, visa applications, rental agreements and income tax filing. Employers should issue them every month as proof of payment.
Work out the right deductions with the salary calculator, EPF calculator and income tax calculator.