Dearness Allowance (DA) it is only for public sector employees.Here is a list of the main components of a salary slip. Additionally, you can use the document to know the available tax deductions. Components of a salary slipĪ pay slip gives you a clear picture of how much salary you get in hand, what kind of allowances and incentives your employer offers, and various other details. It works as proof of salary payment and is generally provided by employers as both soft and hard copies. The slip includes information regarding the employee’s deductions and basic salary for a given month. It is a document that every company is liable to provide to its employees every month. Do common terms like gross salary, tax deductions, and reimbursements often leave you confused? Worry not! Here, we cover the crucial aspects related to a salary slip. Important Things to Know About Salary SlipĪ salary pay slip is a document that every salaried individual receives from his or her employer, but not many are aware of its importance.
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