Payslip
A payslip is the statement issued each pay period showing what an employee earned, what was deducted and what was paid — the record of a single salary payment.
Also known as: salary slip, pay stub, payslip format
It has to be legible as well as accurate. A payslip showing only gross and net answers nothing; the value is in the breakdown, because that is what lets an employee check the deduction they were not expecting.
Employees rely on payslips well beyond payday — for loan applications, visa paperwork and rental agreements — which is an argument for making them self-serviceable rather than a request to HR.
Issuing a payslip is a statutory obligation for covered employees, and the required particulars are prescribed rather than a matter of taste.
Statutory note
Wage legislation and state rules prescribe payslip particulars and issue timelines for covered employees. Confirm what applies to your establishment.
Handled in SignHR
Payroll
Payroll support & integration: salary structures, attendance-to-payroll inputs, payslip access, reimbursements, and a clean hand-off to your payroll provider.
See payrollRelated terms
Net Salary (Take-Home)
Net salary is what actually reaches an employee's bank account — gross earnings for the period less every deduction and recovery.
Gross Salary
Gross salary is total earnings for a period before any deductions — basic, allowances and any other earnings added together, but before PF, tax or recoveries.
Payroll Cycle
A payroll cycle is the recurring period a payroll run covers, together with its cut-off dates for attendance, changes and approvals before the run is processed.
Employee Self-Service (ESS)
Employee self-service is the part of an HR system employees use directly — viewing payslips, applying for leave, updating details and raising requests without going through HR.