What Is Salary Slip and Terms Used in Salary Slips

Salary Slip is a documentary proof of paying and receiving salary. Salary Slip can be use as proof of Tax paying and getting loan from banks and other institutions. Various other organizations also ask for salary slip as proof of your salary on previous job.

Salary Slip is known with various other name in different parts of the world. Most famous names are the following:

  • Payslip
  • Wage Slip

Various types of salary slips are being used in companies and organizations with different formats and items included in the salary slip.

Applications Salary Slip

Many more applications based on Oracle, PHP, ASP, MS Access, Java are available in the market. Various simple tools are available to make salary slips with auto calculations like MS Excel and word, Open office etc. You can find Salary slips in excel and word formats with auto calculations on below links.

Salary Slip in Excel with Auto Calculations

Payslip in Excel with Auto Calculations

Sections in Salary Slips
Payments Section
Deductions Section

Payment section includes
Basic Salary
Co mission
Incentive
Fuel & Transport
Travel Allowance
House Rent
Medical Allowance
Special allowance
Others
Gross Salary

Deductions section includes
Tax
Advance/Loan
Security
Club Services

Terms used in the salary slip

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