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But in most cases it is the employee who chooses the mode of payment that is comfortable and convenient to them.

If the employer wishes to pay his employees through bank, cash or a cheque, then the mode of payment should be indicted on the Salary Voucher. This section of the Salary Voucher will include any other addictions that the employee is entitled to. These deductions will be essential in calculating the net salary pay for the employee. Such deductions will include income tax, advance payments and loans if any. In this section, the Salary Voucher will show the deductions made from the employee’s basic salary. More Tips To Create Salary Slip Format in Excel with Formula Deductions Here are previews of a simple salary slip format in Excel, PDF, and MS Word. This information will be crucial in calculating net pay. Some employers do not offer most of those allowances unless it is a corporate organization. But these allowances will depend on the company or employer. This section of a Salary Voucher will show the employee’s earning like basic pay, overtime, commissions, and allowances (house allowance, leave travel, medical, superannuation, and fixed allowances). The Salary Voucher should clearly indicate the date, month and year the payments are been paid for, to avoid confusion and for record-keeping so that the employer can know the amount of money that goes to salaries every month. It is also useful for record-keeping and avoiding double payments. This section of the Salary Voucher will show the voucher number which is a unique number to differentiate each voucher from the rest. The most important is the account number if the employer or the company prefers paying the employees through the bank this will be helping to avoid double payments. The employee details like contact information, account number, and employee number should be filled in this section of a Salary Voucher. This will be for official use only so the voucher cannot be used to defraud the employees. More Tips To Create Salary Slip Format in Excel with Formulaįormat a Salary Voucher In MS Word and MS ExcelĪ Salary Voucher should include all the company’s details such as contact information, full address, and any other relevant information.Format a Salary Voucher In MS Word and MS Excel.