Payslip or salary slip is a document record that employers give to employees each time they receive their earnings. The payslip mainly informs the employee of the gross pay, deductions done and the remaining net pay. The payslip also provides evidence of earnings and proof of employment.

Paysliper suits different users given its custom layout styling, dynamic texts and fields that can fulfil their different needs. A company will choose that which meets their needs in relation to the items entered in the respective fields, presentability or even their style and preference.

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Paysliper generator allows you to create a free online payslip, entirely customizable to include company information and individual employee details.

Main Sections of Paysliper

Header

The header section can have the details contains title, company name and company address

Employee / Payslip Info

It contains employee details and payslip details

Salary ContentEarnings examples:
  • Basic Salary: Basic salary is the amount of money agreed upon by an employer and employee. It includes the amount an employee receives before any extras are added or payments deducted. The total amount comprises the take-home pay. It excludes dividends, benefits, overtime pay, or any other potential reward from an employer.
  • Bonus: A bonus is the sum of money added to a person's wages to reward outstanding performance.
  • Overtime: When an employee works extra hours, this is known as overtime. It can include tasks beyond their regular working hours and beyond the agreed-upon time frame.
  • HRA: House Rent Allowance is a compensation component given by employers to workers to cover the cost of renting a property for residential reasons.
  • LTA: Leave Travel Allowance is one of the most effective tax-saving measures available that can benefit Employees. It is a tax break provided by a company to its workers. As the name implies, Leave Travel Allowance refers to an employee's allowance while travelling with their family or by themselves.
  • Insurance: An insurance policy is a method of protecting yourself against financial loss. Essentially, it is a kind of risk management that is mainly used to protect against the possibility of a future or unknown loss.
Deductions examples:
  • EPF: The Employee Provident Fund is a retirement savings plan into which workers of a company make monthly contributions equal to a modest percentage of their basic salary. In the same vein, the employer equally contributes to the plan on their employees' behalf, as explained above.
  • Income tax: Individual and company income are subject to income tax, which is a kind of tax imposed by governments on the revenue produced by companies and people within their jurisdiction.
  • Superannuation / Pension: Superannuation is a mandatory system where a person's employer contributes money to a super fund on their behalf to be financially supported after they leave the job.
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  • Net Pay amount In words
  • Employer Signature and Employee Signature
  • Footer Text

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