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For males, it will be used to decide how much alimony to pay. Unfortunately, salary slips work sometimes against income earners facing divorce proceedings. It helps them decide how much to pay you.ĥ. Large companies ask for copies of the last salary slip as proof of your earnings. A pay slip plays role of a bargaining chip when negotiating salary with a new employer. Pay slips help banks assess your creditworthiness and repayment capability.Ĥ. Banks and lender institutions will definitely ask for copies of salary slip while applying for credit or loan. Further, bank credit, loans, housing mortgage and other borrowings you can avail is decided by the salary slip. This will include state-run medical care and cheaper food grains from public distribution system.ģ.
#SALARY SLIP IN TALLY FREE#
The salary slip also ensures access to certain services from the government that are given free or with heavy subsidy. In addition, you will know how much income tax returns you can claim from the government.Ģ. Your salary slip will also help fix how much money you will pay as taxes every year. It will decide whether or not you will pay income and other taxes. Further, you also need to file your pay slips carefully for future reference.ġ. Therefore, it is essential to obtain one every month. Your salary slip is important for many reasons. However, it will only indicate a salary transfer without much detail.
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