What is payslip?

A payslip is an official document given to an employee by their employer that details their earnings for a specific period. It includes information such as basic salary, deductions, taxes, bonuses, and net pay. Payslips help employees understand how their salary is calculated and serve as proof of income for loans, taxes, and other financial needs.
 
A payslip, also known as a salary slip or wage slip, is a document provided by an employer to an employee that details the employee's earnings and deductions for a specific pay period. It essentially breaks down how an employee's salary is calculated and what they actually receive after deductions. This document is crucial for financial management, tax planning, and establishing proof of income.
 
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