How To Create A Payslip/ Salary Slip?

What is a payslip?

Payslip which is also called a salary slip is a document that contains specific details and components of the salary. It is issued by the employer to the employee every month either as a hard copy or as a digital copy. It also has the organisation's logo, name and address.

Importance of a payslip

• Payslip contains various components such as Basic, HRA, transport allowance, medical allowance, leave travel allowance, etc., which affect the tax calculations. It will help in maximising the income tax savings for the financial year.


• It acts as legal proof of employment which can be used to apply for a visa. It can also be used as proof of your last drawn salary in the next organisation for a decent hike.


• It helps get credit cards and loans, which are essential in terms of an emergency financial crisis. The financial institutions require payslips to process the further formalities of loans and credits cards as it also is useful in improving the credit score. The payslip decides the credit limit of the credit card or the loan.

The format of the salary slip varies as per the employer's choice, but it has some common components such as deduction amounts, allowances, gross pay, net pay, the total number of working days, number of days employees attended, name of the employee, employee ID, name of the organisation, code of the organisation, ESI Number, PF Number, Aadhar details of the employee, signature and stamp of the employer.

Employees have the complete right to get their salary slips on time and on monthly basis. HR professionals and HR manager of the organisation are the concerned people who can guide to access the salary slip.

Nowadays many organisations have dedicated payroll software to execute basic tasks which can reduce the HRs burden. Employees can easily generate the salary slip for the month virtually without any hesitation unlike before when the employees were required to mail and visit the HR's cabin to get a salary slip. Hoshi HRMS is one such HR software that will allow your employees to track their salary slips virtually for any specific month.

Click here to learn how to create and generate payslips instantly via HRMS.

Hoshi by Neural IT is a cloud-based software helping simplify daily HR tasks. Digitise your HR function & let Hoshi empower HRs to easily onboard new hires, track employee progress, and analyse data to support employee development and organisation.

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