Definition:

A detailed statement provided to employees each pay period, outlining gross salary, deductions, net pay, and employer contributions.

Context & Importance:

Ensures payroll transparency and compliance while helping employees manage personal finances.

Use Cases:

• Filing tax returns.
• Serving as proof of income during loan applications.

Related Concepts:

Payroll, CTC, net vs gross salary.

TankhaPay Relevance:

Automatically generate and distribute e‑payslips accessible via employee self‑service portal.