What is a Salary/Pay Slip?Īn employee salary slip is a legal document that an employee receives from their employer every month. The particulars of a salary slip are can help you investing in tax saving investments like equity funds, PPF, NPS, and life insurance. ![]() ![]() For employees, a salary slip works as proof of income. Even though employers must issue salary slips to their employees, it is not mandatory to provide printed slips. Issuing salary slips to their employees is a legal requirement for the employers. It will show all the components of your salary including base salary, mandatory and temporary allowances, deductions, tax paid, etc. A salary slip or payslip is a financial legal document, which, works as proof of compensation you receive from your employer.
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