Working in an organization, you may have often come across a slip addressed directly to an employee indicating their salary and allowances for a particular month. This slip is known as a payslip. Payslips are issued every month and to every employee. A pay slip is a statement showing how much an employee earned in a gross amount less the deductions for Special funds such as Providence and pension funds. Payslips are commonly used in organizations big or small.
In older days, pay slips were printed and given to employees as hardcopy. This practice is still common in some organizations. Many organizations also choose to email the payslips to employees.
Large organizations usually have online portals for their employees to manage their profiles, file online applications, and manage other administrative duties. These organizations also use the employees’ portal to upload payslips. So, each employee can log in into the portal and access their payslip online. Uploading on the online portal saves considerable paper and expense.
There are several benefits of payslips. Payslips are a way of communication about the salary between the organization and its employees and it works to effectively minimize any misunderstandings. Payslips can also prove helpful during external and internal account audits. Payslips are useful in comparing discrepancies that may arise when calculating provident or pension funds.
Download Payslip Format In Excel
Every organization, big or small, issues payslips to its’ employees. A payslip is a statement of income and deductions for a particular employee. Each payslip is unique to a particular employee with their name on it. The payslip for one employee cannot be given to another since it is addressed to the employee with his/her name and employee ID.
Payslip and payroll both refer to two separate concepts. A payslip shows the salary and deductions for a particular employee only. On the other hand, a payroll is the list of all the employees working in an organization. The payroll not only lists the employees but also their salaries, bonuses, and any taxes withheld. Thus, the payroll is the total amount of salaries paid by an organization, and a payslip is for an individual employee.
Payslip template is also a best and easy way to prepare payslips easily. About Payslip Format Word and Excel: Major purpose of payslips is to provide a well organized break up of an employee’s salary in easy to understand format and these assist a lot in calculation of tax and many other purposes.
In terms of importance, a payslip is important for the employee, so they are aware of the breakdown of their salary. Similarly, the payroll is critical for the HR department in the organization since any discrepancy in the payroll may cost the organization a huge loss. It is the responsibility of the HR department to ensure that the payroll is accurate and timely.
Both payroll and pay slips are generated at regular intervals. These intervals can be weekly, bi-monthly, or monthly. The most common duration is monthly.
A payslip generally includes:
- Subject - Payslip Hi, I work in a small company comprising of 20 people. My salary is 1.8 L pa. Inspite of working in this company for 2 years, my salary has not increased. I spoke to the company owner that when I change my job, they should give a fake payslip stating that my salary is 3.5 Lpa. He agreed to it. My question is: - can this be done?
- We are a team of experts that deliver high quality novelty documents using the latest printing technology. Whether it be Bank statements, P60's, SA302's Utility Bills or Payslips our aim is to achieve the same quality as the original document which is then delivered to you on time.
- A pay slip is required to show the gross earnings, deductions, number of days for which the salary is paid and the net salary. All these are incorporated in the pay slip in question also. Therefore, it can be taken as genuine one. Besides, the basic intention of making a fake pay slip, ie, to show salary inflated, is not present in it.
- name of the organization
- name of the employee
- employee ID
- gross salary for the month
- any allowances such as housing, travel or communication allowance
- bonuses if applicable
- deductions for providence fund, pension funds
- taxes withheld
- net salary
A payslip may also include the past few months’ histories of gross and net income. The net salary is the take-home salary that the employee can spend.
A payslip is an internal, yet binding document issued by an organization. If someone wants to apply for a loan or credit card, they can use previous payslips as proof of salary. Moreover, by law, every organization must provide payslips to all its employees every time a payment is made to the employees. Thus, an organization that pays bi-monthly, must provide bi-monthly payslips. Thus, payslip is a legal document.
See the templates below.
Preview
MS Excel [.xls] | Download
Weekly Payslip template
MS Excel [.xls] | Download
Biweekly Payslip Template
MS Excel [.xls] | Download
Monthly Pay Slip Template
MS Word [.docx] | Download
As an employee of a company or organization you did receive a document each month while receiving your salary from employer, it is known as payslip. Find a good payslip template down below post. It is a very important document or a printed piece of paper given to someone who is working as an employee in a company or business to show the total money paid by employer for a particular period of time as salary. A payslip normally show details about an employee’s pay just like total money earned for the month or particular period of time, paid amount, sum of money deducted as tax, pension and other contributions like National Insurance contributions etc. Payslip is a handy document to check and understand that either you have been paid correctly in return of your services by your employer as well as that the right amounts of tax and insurance have been paid on your behalf or not. Methods to prepare payslips are different in several companies some prepare manual and many other use software and applications to do so. Payslip template is also a best and easy way to prepare payslips easily.
About Payslip Format Word and Excel:
Major purpose of payslips is to provide a well organized break up of an employee’s salary in easy to understand format and these assist a lot in calculation of tax and many other purposes. Well made payslips with all necessary details give employees a way to keep track of their payments on another hand helps a lot an accounting officer to maintain a record of salaries. A payslip may include name of employee, total amount earned by the employee, working days, paid amount, allowances and contribution deducted and payment date etc. A payslip may required by a bank or any other financial organization on the time of providing loan to an employee. All kind of employers are legally obliged to give employees an itemized payslip whenever they are paid but some of them don’t take it serious. There is large number of applications, software and systems available that employer can utilize to prepare payslips for their employee but use of such techniques can increase the cost for a small business. Hence payslip templates are also obtainable on internet to prepare effective payslips in short time.
Payslip is an important document for any employee that is why it should be designed in a professional format with all details and features. Lots of companies use e-payslips (electronic payslips) that can be prepared by using any computer software or application. In general e-slips are directly mailed to employees in their e-mails before few days of payment. If you are running a business or company on small scale and want to prepare payslips without spending too much cost and time, you are advised to get help from payslip template. It is a document designed and editable in Microsoft excel that a user can easily edit as per needs of the company or business to prepare error free payslips. Use of payslip template is an excellent way to increase your productivity and these are available on internet for free of cost.
Fake Payslips Download Free
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