These templates make it easier for HR experts, HR executives, administrative personnel, etc. Wage slips are required by law to be provided to employees on a regular basis as evidence of salary payments and deductions. The employee may get it by mail or on paper. It includes a thorough breakdown of all of the employee’s pay components, including Company Name, Employees’ Name, Pay Slip Month, Bank Account Number, Identification Number, Basic Salary, Gross Salary, Allowances, Provident Fund, reimbursements, Bonus paid, TDS, etc., as well as deductions for a given time period, typically a month.

An employee receives a Salary Slip, which is a receipt created by the accountant rather than an employer, at the end of each month. The Salary Slip can also be called the Pay Slip.