A salary slip usually contains the following components:

Earnings Section:

• Basic Salary – The fixed component forming the base of salary.

• House Rent Allowance (HRA) – Tax-beneficial allowance for rented accommodation.

• Conveyance / Travel Allowance – For travel expenses.

• Special Allowances – Variable components given by employers.

• Overtime / Bonus – Additional earnings.

Deductions Section:

• Provident Fund (PF) – Employee’s contribution to retirement fund.

• Professional Tax (PT) – Levied by certain Indian states.

• TDS (Tax Deducted at Source) – Based on income tax slab.

• ESI/Insurance Premiums – If applicable.   

• In 2025, many companies also include digital signatures, UAN numbers, and QR codes in slips to ensure authenticity.

Kredily offers a free salary slip template download on its website. Employees and employers can:

1. Visit Kredily Salary Slip Template Download

2. Choose from Excel, Word, or PDF templates.

3. Fill in employee details (name, designation, UAN, PAN, bank details).

4. Enter monthly salary breakup (earnings + deductions).

5. Save, print, or share digitally.

 Unlike generic formats, Kredily templates are legally compliant with Indian payroll rules for 2025.

Kredily makes salary slip generation in 2025 simple and stress-free for companies by automating the entire process. Instead of manually preparing slips every month, HR teams can generate accurate, ready-to-use salary slips with just a few clicks. The software automatically calculates earnings, deductions, and taxes, and ensures compliance with the latest labor laws. Companies can also customize the slips with their logo and details, and employees can download them directly from the self-service portal. This not only saves time for HR but also makes payroll error-free, transparent, and hassle-free for everyone.

A standard salary slip contains all the key information about an employee’s monthly pay. It usually includes:

• Employee details – name, ID, designation, department

• Employer details – company name, logo, registered address

• Pay period – salary month, year, and payment date

• Earnings – basic pay, HRA, allowances, overtime, incentives, bonuses

• Deductions – PF, professional tax, income tax (TDS), health insurance, loan recovery

• Net Salary – the final take-home pay after deductions

• Other info (optional) – bank account reference, UAN, leave balance

 In short, it gives a clear breakup of gross earnings, deductions, and net salary, making it a valid proof of income for loans, tax filing, and compliance.

Unlike random formats available on the internet, Kredily’s salary slip template is:

• Designed for Indian payroll compliance (2025 updated)

• Editable & customizable (add new allowances/deductions)

• Formula-based (no manual calculations needed)

• Free forever – no hidden costs

• Professional layout – ideal for official documentation and bank/loan verification

This makes it both practical and compliant, ensuring businesses avoid errors in payroll records.

Absolutely  The salary slip template from Kredily is shared in Excel format, which makes it fully editable.

• Company Branding: Add your logo, address, and contact details.

• Salary Components: Customize allowances (e.g., add overtime, performance bonus, or LTA).

• Deductions: Insert company-specific deductions like advances or loan recoveries.

• Design: Adjust fonts, colors, or column arrangements to match your company’s style.

Pro Tip for 2025: Many small businesses use this editable template as their starting point, but as the team grows, they switch to Kredily’s payroll system where salary slips are auto-generated and error-free.

The Kredily salary slip template ensures that every payslip issued to employees is legally compliant and audit-ready. It is designed according to the latest payroll laws and standards in India, making it easier for businesses to stay updated without manual effort.

Key compliance benefits include:

• Mandatory Components Covered – Includes employee details, earnings, allowances, and statutory deductions like PF, ESI, PT, and TDS.

• Up-to-Date with 2025 Regulations – Templates are regularly updated to reflect changes in labor and tax laws.

• Error-Free Calculations – Automated structure reduces mistakes in deductions or salary breakdowns.

• Audit-Ready Format – Salary slips generated are standardized, making them acceptable for audits, inspections, and employee verification.

• Employee Trust & Transparency – Clear salary breakup builds confidence among employees and helps them with IT returns, loans, and financial planning.

In 2025, when compliance checks are more stringent and digital records are mandatory, the Kredily template acts as a reliable tool that keeps employers stress-free and employees well-informed.

Yes, freelancers and contract workers can definitely use the salary slip template, though with slight modifications.

• Why useful for freelancers?

  • Many clients ask for proof of payment for projects.

  • Salary slips can act as income proof for visas, loans, or renting property.

• How to adapt the template:

  • Replace “Employer” details with “Client Information.”

  • Instead of fixed components like HRA or PF, include Project Fees, Consulting Charges, or Service Fees.

  • Remove deductions like PF if not applicable.

• Added Benefit: Freelancers in 2025 often need structured documents for GST filing, IT returns, or professional credibility—and a customized salary slip helps establish professionalism with clients and banks.

Digital salary slips save time, reduce paperwork, and minimize errors. In 2025, when most compliance and audit processes are online, employers benefit by:

• Storing salary records securely on the cloud

• Providing employees instant access to slips

• Reducing manual HR effort in payroll distribution

• Ensuring accurate, audit-ready salary documents every month

This shift not only improves efficiency but also strengthens employer-employee transparency.