You are allowed to claim this for 2 trips in a block of 4 years. Download 50+ Salary Slip Templates for Free (Excel and Word) to help you prepare your own Salary Slip easily. For each different country, there is a fixed amount of employeeâs salary to which ESI is applicable. This amount is 100% taxable. 2,500 p.a (per anum). Total Deduction: … Here is an editable word version of the driver salary slip which you can use this editable version if you wish to make any edits, or even pre-fill the vehicle, driver name, month, salary amount, etc. No lender gives you a loan without verifying your income proof. 3. Deduction. This slip is issued by the employer to the employee after completing the one month. Dearness Allowance: This is the separate allowance paid to employeesâ. Word Slip Format helps your comprehension about how to make these slips on MS Excel while creating your bills and slips with the automated framework. This is as beneficial to the employer as employee. Basic salary – As the most important part of your payslip, your basic salary generally comprises about 35-50% of your total earnings. Performance Bonus: This is the pay that is linked to performance often evaluated on the basis of predetermined targets. Given below are the sample templates: Drafting Salary SlipPreparing Salary SlipPrintable Salary SlipSalary Slip ExampleSalary Slip FormatSalary Slips. Van Fare: 600. Salary Slip Template can be very much useful in your plans for making good quality and professional level salary slips. Salary Slip is a payroll document that contains details of salary paid to any employee which include basic salary, allowances, deductions, attendance, leave record, etc. Do not directly correlate the monthly income shown in the slip with the cost of company or CTC filler. Description: Amount. Download Salary Slip template in word & excel with company name and employee information So, if you pay rent then itâs definitely a great way to save on some taxes. Salary is a payment to an employee from a company or an employer. A salary slip format is prepared by the employer and signed by an employee after receiving the salary. Others: 0. It is always given as per fixed amount, which is normally decided during the formation of the employment contract. Salary slip templates are actually an employee document which is given to him by the employer when he has paid full payment to the employee. Professional Tax or Fund: It is a state tax which is implemented in certain circumstances. So, the net pay that will be credited to your account will be total earnings – total deductions. Salary may specify in an employment contract before starting a job. The second salary slip format : The second salary slip format is laid out vertically and contains most of the same information. What Are The Components Of A Salary Slip? Mostly it is provided to all employees by company or organization. Others: 54. The amount is usually the reimbursed expense and you would need to provide sufficient proof of expenses such as medical bills and doctors prescriptions. Certificate of Completion is a document issued and certified by authorities as a reward on accomplishment of a special task, training session, coursework and any other educational goal. Salary Slip Format Excel – Example 1. Download Salary Format In Excel, Word, PDF. You will like this Salary Slip Template. Sample 2. A salary slip also known as pay slip and it is very important document that can let employee take control over salary function. 1,600 per month on this. Salary slip is a document signed by an employee after receiving the salary. Salary is quite different from wages. You can reduce the income tax component by investing money in tax saving and taking benefits of tax exemptions on various allowances. A salary slip format in word works as legal proof of employment. Salary payslip format in word. Editable Word (docx) version of Driver salary/Payslip template/format. The report on which the details of expenditures on... link to 8+ Free Certificate of Completion Templates, link to 7+ Free Expense Report Templates Word Excel, 24+ Free Personal Development Plan Templates, 10+ Free Checklist Templates Word Excel PDFs. There are many countries in the world where salary is decided as per the person’s skills. 8+ Free Certificate of Completion Templates. Salary slips are of different formats with different components depending upon the type of organization you work such as; a bank, a private company, government sector job, contract job, labor etc and the purpose you need it for such as visa, loan. A salary slip may contain gross salary, income tax, insurance and other contributions and payments. Although it is not the easiest financial document to decipher, but it is not very difficult to decode. The upper section will have information about you such as your employee ID, date of joining, number of months worked in this month, leave details of the month, bank details where salary is credited and other information mentioned. this is the record of paid salary … “Becauseit’s the organized approach to an itinerary which makes your journey enjoyable. Therefore, HRA is provided to all employee to meet their accommodation expenses. Generally, it looks like: Download Salary Slip Format in Word Legal Validity of Manual & Digital Payslips. The salary slip format may vary across different employers. Download Pay slip Format in Word For instance, in a particular country an employee with salary at least Rs. It should have all the essentials mention on it in a proper way. While the top-right corner has the space for including the company logo, there is room for both employee and director’s signature at the bottom. It is essential to issue salary slip by the employer when salaries are paid. Salary Slip for the Month of April 2013. Salary Slip Word Format You can download and print the payslip format in Word or PDF format, it is very easy to use. Earnings/Incomes. Generally wages are paid hourly or daily, whereas salary is payment which made after a week or year. It is contrasted with piece wages, where each job, hour or other unit is paid separately, rather than on a periodic basis. It can be asked for applying visa, credit card, loans etc. Salary slip contains information about an employee such as his name, his salary payment for the month, his designation and total payment and the account number. House Rent Allowance (HRA): Allowances related to the expenses of rented accommodation. Benefits of Salary Slip Template. Your basic salary is the most important salary component as many allowances and deductions are based on it. Total Earning: 14860. This is 100% taxable, depending on what has been implemented by the laws in your country. Employees who live in rented apartments or houses. Sample 3: Sample 4: Salary is the basic right of all the employees and it is due since day one of the project beginning. At the start of financial year your employer ask for declaration of savings you will do in current year and calculate a tentative tax based on your income tax slab for that financial year accordingly. A salary consists of many important elements such as basic salary, expenses, retirement benefits, provident fund, health insurance benefits and many more such important elements. This Salary Template can work for various purposes. Few major components of incomes or earnings are: Income Tax: 69. It generally the most sought after option for tax saving and retirement planning. Pay Slip Format or Sample. The monthly salary that is credited to your bank account is always less than what you signed up for in the employment offer letter. It is also 100%taxable. You will like this Salary Slip Template. This comes to you as a lump sum at certain time of the year. There can be various objectives behind using the Salary slip including the formal evidence document of salary function of employee(s). Free Salary Template is added here for you reference. Payroll Salary Slip Pay out Payslip format in word free download is An immediate doc that has specific layouts of pay stubs exactly where the consumer can This amount is calculated as a percentage of basic salary to mitigate the effect of inflation. This is so because of the structure of your salary and tax implications on it. Hi, Please find attached the format of the CTC sheet and salary slip. Most of the other components mentioned on the slip are structured around it. You can add all the necessary information in the template and then take a printout of the copy. The business companies used this slip as a proof that the salary has been received by an employee. Tax Deducted at Source (TDS) or Income Tax : This tax or deduction is the most important one. Its amount may vary from company to company but up to Rs, 15,000 per year is exempted from tax provided you furnish proof of expenses. This particular format is also user-friendly and can be completely customized using Microsoft Word®. A precise salary slip used for different purposes but main objective is to keep it as evidence. A payslip format is a document, issued to employee by employer.