A salary slip is a business document which is issued by the employer to employee at the payment of each salary usually after one month. This slip contains detailed information about the salary earned and paid for instance total worked hours, total absentees, total paid leaves, unpaid leaves, additional benefit if any, bonus if any, advances if any, deductions if any and finally the net total. Pensions or national insurance contributions will also be mentioned in salary presentation on this sheet. This sheet will be signed by both employer and employee to make sure that there are no discrepancies in the salary of that month. It serves as a proof that the employee has been paid his salary for that month and also a proof of net calculations till that month. Due calculations are then made in the next salary slip.
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