It is a document which indicates the total salary after deduction of insurance and tax or other deduction if any. This is a written proof that the employee has received his salary after deductions. It is very helpful for calculation of salary as well as deductions separately. It is given by the employer to his employee. It is kept by both employer and employee for future issues or disputes. An employee can claim his salary in case of wrong pay slip. Serial numbers of pay in slips help in calculation about the total number of employees. It also plays important role in keeping record of salary of all employees in an organization.
Useful Critical Points
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