Income Certificate is a verification file released to employee by company to declare about his income received from his work. It represents an association of the employees with that organization and covers all the material information with respect to the particulars forming part of the salary such as Standard Pay, Home Lease Allowance, and other allowances and perquisites.
Content in this Article.
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Components of the Salary Certificate
The contents of the salary certificate may differ from company to organization and hence listed below reference list is only a sign and not exhaustive in nature. It may include extra details aside from the details discussed below.
Utilizes of Wage Certificate
Difference in between income certificate and wage slip
Typically the two terms salary certificate and income slip sound similar, but they are different terms. The standard point of differentiation is the time frame. Salary slip is provided for a month, say March 2024 whereas salary certificate may be released for a particular duration which may be as needed or a complete financial year or the required duration. It can be your whole tenure in the company also.
Wage Certificate Format
Format of Wage Certificate
| Name of Company | |||
| SALARY PAYSLIP | |||
| NAME | Mr. ______ _________ ____________ | ||
| PAN | _________________ | ||
| MONTH | _________________ | ||
| EARNINGS | REDUCTIONS | ||
| INCOME HEAD | AMOUNT (Rs.) | INCOME HEAD | AMOUNT (Rs.) |
| Fundamental | —– | Occupation Tax | — |
| H R A | — | TDS | ——- |
| Conveyance allowance | — | Wage Advance | — |
| Kid/ Self Allowance | — | ||
| Spl. All | — | ||
| Others | — | ||
| Medical Allowance | — | ||
| SALARY (GROSS)/ PM | ——— | ||
| Ex gratia | — | ||
| Medical (Reimb) | — | ||
| Conv (Reimb) | — | ||
| Telephone (Reimb) | — | ||
| Others (Reimb) | — | ||
| SALARY (CTC)/ PM | ———- | OVERALL REDUCTION | ——– |
| Money in Hand (PM) | ____________ | ||
| Prepared by | Examined by | Authorised by | |
Recommended
- Tax Exemptions for Leave Travel Allowance
- Casual Leave Letter Format
- Armed Force Leave Letter Format
- Leave Application Format in MS word
- Emergency Situation Leave Letter Format
- Sick Leave Letter Format
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