Pay Slip Sample to Promote Effective Employee Management

Pay Slip Sample to Promote Effective Employee Management

Pay slip is not just any other record but in long run it is very crucial document not just for the employee but also for the company as it provides the detail on all the deductions as well as tax accountabilities of the employee. One has to therefore understand several aspects of pay slips. Whether it is a small company or big businesses, it is very important to create these records for proper auditing and accounting. These records should be produced in printed form and the employees need to be given access to their pay slips and download and print as and when required.

Several companies are doing research to evolve tools in making these pay slips effective and easy. Generally a pay slip contains company's name, month of the pay, name of the employee, employee number, associated department or program, designation, joining date, total days, leave on paid days, paid days and bank account number. Further the pay slip contains monthly earnings such as basic, HRA, bonus, medical allowance, special incentives and monthly deductions such as TDS, club activity, food etc.

Apart from these essentials a pay slip should also incorporate the regular as well as overtime working hours rendered during the month. A pay slip therefore helps both the employer and the employee in knowing the net amount of salary worked out in a particular month.

There are many pay slip samples available on internet that can fit the bill of one's company. The software program associated with these samples help one creates one's own pay slips. Further there are many websites that enable access to pay slip samples via word processor or spreadsheet program and give print outs immediately.

The hunt doesn't stops here, there are companies who assist their clients in generating pay slips designed to suit their needs. Last but not least there are free samples as well that can help one design their own pay slips.

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