

This allowance helps the employee to pay his monthly rent amount if he/she stays in a rented house. It is a part of the amount that you get in-hand.This allowance relates to your living cost which differs based on the locality of employees. Based on your Basic Pay, you will get other allowances such as DA, HRA, and EPFĭA depends on your basic pay, but this allowance helps to handle the impact like inflation.The Basic Pay is a part that you get as an in-hand salary.


Most employers may provide electronic pay slips, and while some may issue hard copies. In such a situation, you can ask an employer for a salary certificate. Some small companies or start-up companies may not provide these employee pay details. It is the sole responsibility of an employer to issue a copy of salary pay slip to employees. Working employees in a company get this monthly salary slip. A salary slip contains some crucial details such as the company’s name, logo, and address. The salary slip or pay slip either is in the form of soft copy or printed hard copy. Every month, an employer issues the salary slip to an employee. That holds true for any business in today’s world.18.1) Our Partners: What is a Salary Slip?Ī salary slip is a crucial document that contains the necessary details of your salary components along with employment details.
