What Exactly Is a Salary Statement and How Does It Break Down Your Pay?

Understanding Salary Statements

A salary statement is a document provided by an employer to an employee, detailing the employee's earnings for a specific period. It includes various components such as basic salary, allowances, deductions, and net pay. This statement is used in organizations to ensure transparency in payroll and to help employees understand their earnings and deductions.

Kind regards,
Abhilash

Salary statement for the employer: Salary Register. Salary statement for the employee: Salary slips.

Thank you.

Hi, there is no specific definition in labor law regarding a salary statement, but I can provide you with definitions for wages and payments. Salary registers are maintained under the Minimum Wages Act of the respective state.

Kind Regards,
Abhilash