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Basic Pay, Dearness Allowance, House Rent Allowance, Other Allowances etc.Department and present designation in the company.Date of birth and address of the employee.Name of the employee along with the employee code.It may contain additional details other than the details mentioned below. A salary slip comes in handy when you are looking for your PAN, UAN, PF account number and salary bank account number at once.The contents of the salary certificate may vary from organization to organization and hence below mention list is only indicative and not exhaustive in nature. Important account numbers: There are times when you may not be aware of all your account numbers.New job offers: When you are looking for a new job change, salary slips come handy in negotiating salary with the new employers as the pay is set on the previous employment's legal evidence of salary received.Tax filing: In case you have your changed job in the year and you are not able to trace your form 16 or not able to get it from your previous employer, you can file for your taxes using the monthly salary slips to calculate your income.Employment proof: It can also serve as your official proof of employment at certain places like in the case of travel visa or at a university where it would be required.Government agencies: In order to avail some subsidies reserved for certain income groups only, one needs to show salary slip.You will be asked to show your payslips from the past months as income proof. Shopping: While shopping at a store for the high priced item that you wish to pay in installments, you can avail the EMI facility for it.Banks: You will require to submit it as an income proof for credit card applications, taking loans, and other types of borrowings.Salary slips serve as a record of your earnings that you will need to submit at various places of business. Why is important to have a record of your salary slips? You can check if your employer has deposited the mentioned amount with the government be viewing your form 26AS on the e-fling website. It is paid by your employer on your behalf based on the taxable slab rules of the Income Tax department.
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#Format of salary slip professional#
So if you work in the states of Andhra Pradesh, Assam, Bihar, Chattisgarh, Gujarat, Karnataka, Kerala, Maharashtra, Madhya Pradesh, Meghalaya, Odisha, Sikkim, Tamil Nadu, Telangana, Tripura or West Bengal, a part of your salary is paid as professional tax. Professional Tax: This tax is levied by some of the state governments.While both the employer and the employee make equal contributions towards the employee's PF, only the employee's share is mentioned in the salary slip. Provident fund (PF): Calculated as 12 percent of the basic salary (plus DA, if any), this will be a part of our CTC.Others: Some employers also provide allowances like child education allowance for school tuition fees of two children and perquisites like motor vehicle allowances.Ī salary slip will comprise of these three elements in almost all salary slips:.Performance Bonus and Special Allowance: This is provided to the employees as a means of encouragement.Medical allowance: An allowance given to cover the employee's medical expenses during their employment years.It is paid in a single lump sum in one of the initial months of the job. Relocation allowance: This is provided to employees who have to relocate from their place of residence for the job.
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The family here includes the spouse, children, and dependent parents or siblings. It usually covers air and railway fares for travel within India.
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House Rent Allowance (HRA): HRA, as the name suggests, is meant as an allowance towards the rent paid by the employee.
#Format of salary slip plus#
In case you receive DA, your PF will be calculated as a percentage (that is 12 percent) of the basic pay plus DA.