This will decide whether or not you’re expected to pay income and other taxes, along with the amount you will be required to settle every year.Īdditionally, a salary slip also guarantees access to particular government-provided services that are either given for free or with a heavy subsidy. In some countries, employees are responsible for computing their taxes. Keep in mind that a salary slip can be a vital document for future reference. The credit limit granted to an applicant by a financial institution would also reflect what has been stated on the individual’s salary slip. ![]() This is an important legal document that every employee is entitled to receive from their respective employers to serve as proof and a general statement of your monthly earnings and deductions (if any).Ī salary slip may also be used for other purposes, such as a requirement for a bank loan and mortgage to show that one is financially stable enough to pay it back. ![]() ![]() A salary slip, otherwise known as a payslip or salary receipt in certain countries, is given to employees to inform them of their monthly pay and allowances.
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