active_hr Started The Discussion:
Hello Seniors, Can anybody tell me what is salary certificate ? and what is the difference between salary certificate and form 16. Thanks.
salary certificate is a certificate issued by a company on its letter head showing details of salary structure. this is issued to an employee to facilitate geting loans from banks or other money lending institutions or for any other needs. there is no fixed format for the same. it varies from company to company.
Form 16 is issued by the company, which is a fixed format of the government of India for all. in this the income declaration is given by the employee and also declaration of the investment made by the employee to avail tax exemption. It is used to calculate the tax payable to the government at the end of the financial year.
For your convinience i am attaching a proforma salary certificate.
ON THE LETTER HEAD
The following details of the employee is certified as per our records:
1) Name. :
2) Employee No. :
3) Date of joining. :
4) Date of birth :
5) Salary drawn per month :
a) Basic Pay :
b) xyz allowance :
d) DA :
Reason : Salary certificcate is issued on the request of the employee
to submit the same to State Bank of India, xyz place to avail housing
Thanks nilendra and amit for ur valuable information.
But i have a query on this - In our company, one employee (problematic person) resigned form his services and after one month he easily gets his experience letter, reliving letter and we are done with all the full and final settlement with him.
And he have all the salary slips of each and every months but now he is asking for his salary certificate.
Pls suggest me.... What to do?
Found This Useful? +Vote Up This Page Via Google.
Why Vote? User validation is extremely important for good content to prosper.
Disclaimer: This network and the advice provided in good faith by our members only facilitates as a direction towards the actions necessary. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences, under any circumstances.
Explore Topical Knowledge Areas
Topic Categories >> salary slips date of joining basic pay form 16 salary certificate tax exemption full and final settlement final settlement experience letter salary structure Location-India-Gurgaon Complete List Of Categories
Interesting Relevant Discussions