![]() The salary slip helps in negotiating the salary offer. Reference document for Existing/Potential Employer – while processing an application process of a potential employer, the employer may require the applicant to submit a copy of the existing or previous contract, or a salary slip.Thus, it helps in calculating the income tax to be paid by the employee or to be claimed by means of an income tax refund. Calculation of Income Tax – a salary slip provides complete details of earnings and deductions (which could include provident fund, federal tax, or any other deductions).Validation for Financial Institution – when an applicant applies for a loan, credit card, or opening of a bank account, the banks require the applicant to provide a source of income that could serve as proof of the borrower’s ability to return the debt.Thus, during the visa application process, a salary slip provides an account of the income source of the applicant, by serving as proof of employment ![]() ![]() Proof of Employment – while applying for an International scholarship program, or international travel, the visa agencies require a bank statement of the applicant to track the account balance.
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