**Payslip Template Format In Excel And Word** is use for mentioning the salary details of employees of an organization. It contains the details about the amount of salary that is paid to an employee on monthly or daily basis. Every employee of an organization has his own and unique payslip whether his salary is same or different than other employees.

**Importance of Payslips Template Format**

The Salary slips have essential importance for every employee as well as for the organizations. The slip serves as a valid record of salary that is grant to an employee by the organization. No employee is able to claim that he/she has not receive the salary for a particular period when the salary slip has been given to the employee. The **Salary slip** also serves as a valid proof of employment of a person in an organization. Therefore, the Salary slips are sometimes refer as authentic tools for verification and identification of a person.

## Features of Payslip Template Format In Excel

A pay slip contains certain features that must be include in a salary slip. These include:

- The full name of the employee
- Complete address with postal box number of the employee

- The amount of salary mention in words and in digits

- The amount of direct taxes that are applied on the salary
- The deductions that are made from the salary of the employee for instance, the provident fund deductions, retirement benefits deductions, income taxes, etc.
- Complete name with logo of the organization that is awarding the salary

- Complete address of the organization
- Some salary slips may also contain the bank account number in which the salary of the employee is deposit

### Payslip Template Format In Excel And Word: Which Format Is Better**?**

In this regard, **Microsoft Excel** offers you tabular format for your slip. And it will comfortable for you if you want to mention the details in the salary slip in tabular style. On the other hand, if you do not prefer the tabular format, then you can simply use the MS Word document. It all depends on you that which format you want to use for making the payslips of your employees.

**Creating a Payslip in excel and word**

If you want to create a pay slip for your organization, you will have to include the above mention details in it. A payslip will not consider complete if the above mention features are not include in it. You can create the **payslip in MS Excel** as well as in MS Word document.

### Sample Of Payslip Template Format In Excel And Word

You can see sample templates of payslips on the internet to get an idea of how a payslip actually looks like. If you find blank salary slips on the internet. Then you can simply make some changes in their design and can use them as **payslip format** for drafting the salary slips of your employees.

It will save your time as you would not have to create a new design of your organization’s salary slips. Just download some usable **sample templates of salary slips**! Edit them and start using them for your organization.

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