Salary slips format can include gross pay, income tax, insurance, and other contributions and payments.
What is Salary Slip? How to prepare a payslip in excel? A specified period, usually a month. This can be issued on paper or by mail to the employee. You can generate salary slips in a matter of minutes with the help of these templates, which are handy for HR professionals, HR executives, administrative staff, etc.
Mostly it is provided by the company or organization to all the employees. If any employee of the company does not have his salary slip, then he can ask for it from his company or employer. Every company has its payslip format and criteria to calculate the salary for the employees.
The salary slip shows the details like advance payment to the employee like medical allowance, traveling allowance, bonus, and deduction. Due to the payslip, it has become easy for an employee to allocate his salary over multiple working days. Payslip format can be used as a document to show the status of the employee to any authority.
Here we have prepared some salary slip excel format with predefined formulas. It can help calculate gross earnings and deductions.
Important Salary Slip Excel Format
- Header: Company Name
- Employee Details
- Salary Components
- Summary
- Approval and Notes
Incomes
- Basic Salary
- Dearness Allowance
- House Rent Allowance (HRA)
- Conveyance Allowance
- Leave Travel Allowance
- Medical Allowance
- Performance Bonus and Special Allowance
- Other Allowances
Deduction
- HRA (House Rent Allowance
- PF (Provident Fund)
- Standard Deduction
- Professional Tax
- TDS (Tax Deductible at Source)
- Telephone bills reimbursement, Medical reimbursements, etc. are exempt from the tax deduction
- Loans EMI
- ESI
- Health Insurance
A salary slip is a document that is issued by the employer to the employee on receipt of salary every month. Salary Payment Slip is an HR/Payroll document. Payslips are an important part of the payroll process.
The format of the Payslip includes all earnings (fixed and variable) and deductions (fixed and variable) along with mandatory tax deductions like TDS and FBT.
This salary template can serve a variety of purposes.
The amount of salary may be specified in an employment contract before hiring an employee. Salary is quite different from wages. Pay is most common with white-collar jobs.
Different companies are using different means of salary payment.
Additionally, Payslip is very important for implementing government benefits like credit cards, loans, mortgage of houses and tax benefits, subsidies, and medical benefits.
Employee salary slip is a very important legal document proof for his earnings. Therefore, as per the law, if your company is not issuing it, then it is your right to ask for Pay Slip. While every company has to provide you payslip, some companies also give print salary slips to their employees or email them in PDF format to their employees so that we can download salary slips anytime.
