The payroll number is usually only for administrative use and an employee does not have anything to do with it. This code helps the company to identify an employee while paying the salary and even in the future when an employee has left the organisation. The payroll number on a salary slip is a unique code. Pay slip is issued every month after your employer provides your salary. A salary slip contains a detailed breakdown of employee salary from gross salary to the in-hand salary with deductions. 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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