A salary template or a salary slip format is a formal archive issued to the employees at the time of the payment of their salaries by the employer. This document proves to be really helpful to the employees since it contains important information about the employee and other financial matters he/she is related with the company. A salary template is kept as evidence in case of any kind of dispute arises between employer and employee. It holds legitimate value and can be presented in any court of law, to resolve such disputes. It is also useful in cases where an employee applies for a loan or while renting a house. The bank as well as the landlord, generally need a proof to confirm the exact amount of salary being paid, to approve the loan.
Details of Salary Template
All employees can keep an eye of their net salary and the deductions being made on it. Since it contains all details amid the gross amount and withholding taxes, insurance, pension, utility charges, allowance or provident fund. It is approved by the employer and has been signed by the person in authority along with the employee. A salary slip also incorporates other details, such as date, month and year the payment was made to the employee’s account. It can be presented as a proof of the exact amount of salary being paid by the employer. In case, if an individual takes a new job, a salary format from the old job can be presented to the new employer while settling for an amount of salary, with a decent increment from the previous one.