Gratuity (4.81% of basic pay will be deducted as gratuity).The Deductions side of the salary statement are: In detail, the following information is included in the salary statement's Income/Earnings side: Deductions: This section shows deductions made by employers from salaries paid to employees including tax.

It includes all types of payments received by the employee from his employer like fixed salary, commission, overtime, etc., The salary slip format includes the following information: The salary slip is an important document for both the employer and the employee, as it provides transparency and accountability in terms of the employee's compensation and helps to ensure that the employee is receiving the correct amount of pay. In some cases, the salary slip may also include information about the employee's attendance and leave balance, as well as any bonuses or incentives that they may have received. It also lists any deductions that may have been made from the employee's salary, such as taxes, social security contributions, and loan repayments. The salary slip typically includes the employee's basic salary, as well as any allowances they may be entitled to, such as housing allowance, transportation allowance, medical allowance, etc.