It is an important document to avail loans, credit, mortgage and other borrowings.Įmployees can compare offers from new employers based on their previous salary slips. Salary slips provide lenders with assurance that their lendings will be repaid. The salary slip gives employees access to various free or subsidised facilities provided by the government such as medical care, subsidised food grains, etc. It helps to prepare the income tax returns and determine how much tax is to be paid or how much refund is to be claimed by the employee for the year. The salary slip forms the basis for income tax calculation. Employers are legally bound to issue salary slips to their employees periodically, as proof of salary payments to employees and deductions made.ĭOWNLOAD NOW Importance of a Salary Slip A basis for income tax payment It may be issued on paper or mailed to the employee. It contains a detailed description of the employee’s salary components like HRA, LTA, Bonus paid etc and deductions for a specified time period, usually a month. A salary slip is a document issued by an employer to an employee.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |