A salary statement template is a detailed description of an employee’s gross and net salary, along with the details of the deductions made in it. It is usually issued at the request of an employee, in case he/she wants to review his/her salary deductions in detail. Some companies provide their employees with their salary statement after an interval of six months or a year, maybe. The salary statement is sometimes asked for by banks, when an employee applies for a loan or a credit card. House owners also sometimes demand a salary statement from their tenant as security that he/she earns enough to pay the rent. This statement can be presented in court in case if any kind of legal disputes arise.
Importance of Salary Statement:
A salary statement, just like a salary slip, starts off with the date, name or logo of the company along with the complete street address and the contact number. A detailed description of the salary for past work done per hour is then mentioned next. All taxes that may include income tax and other deductions, such as, health, dental, basic life savings and insurance, must be clearly mentioned in the salary statement template. It also incorporates the details of the financial benefits that the employee is being provided at the company. The salary statement template is officially signed by the person in authority. It is usually provided by the accounts department of any firm or an organization after approval from the managing authority. This perfect and high quality format is an example of our quality work and, for your ease, we are providing a download button underneath the template.
Templates for Salary Statement
File Size: 13 kb
No. of Pages: 1
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