It helps to prepare the Income Tax Returns (ITR) 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. List of earnings (income) and deductionsĪn example of a salary slip is provided below: Importance of a Salary Slip Basis for income tax payment.
Company name, address, logo, salary slip month and year.However, the basic template for a salary slip includes the following: The format of salary slips differs for different companies.
