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Stop struggling with Excel sheets

Automate Payslips Now

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Online Payments, RazorpayX with Current Accounts, Bank Transfer, and more

Download & share salary slips in your company's letterhead


Company Name


Company Logo


Company Address


Employee Name, Code, Department & Designation

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Employee PAN & Bank Account Details


Employee UAN Number


Earnings Of The Total Number Of Working Days


Number Of Leaves, If Any


Gross Salary


Net Salary Along With Tax Deducted

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Get customised salary slip format for your business

Small Business

Tailored to give the professional look

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Medium Business

Preferred version for interns and trainees

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Large Business

Simple, yet complete payslip

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What is RazorpayX Payroll?

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One-click payroll processing

One-click, end-to-end payroll processing in 3 easy steps within 10 minutes.

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Automated statutory compliance

Disburse salaries along with statutory deductions like PF, PT, TDS in no time.

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All-in-one HR software

Execute most-common payroll tasks with simple and easy-to-use tools.

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Tailormade health insurance

Get best-in-class group health insurance plans to retain top talent.

What is a Salary Slip?

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A salary-slip format is a template that is used by HR departments, accountants, and other teams to create the salary slips for all the employees of the company. This reduced the possibility of human errors such as neglecting fields, creating incomplete salary slips, etc. There are many different forms of salary-slip-formats available. Depending on the software that the HR team or accountant is familiar with, a particular format can be adopted. Using this format, these teams can create individual salary slips for all their employees by entering the information from the employee database. Start with the most suitable template right away.

Penalties for not furnishing payslips to employees

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As per the Payment of Wages Act passed in 1950, a payslip is a legal mandatory requirement according to rule 26(4) and rule 26(3). However, the size and taxability of the company are considered to be important too. Non-issuance of salary slips can be liable for penalty at the rate of Rs. 100 per day under Section 272A.

Benefits of a Salary Slip

The practice of providing a salary slip to employees every month is followed as it carries plenty of benefits. Both the employees as well as the employer can experience these benefits. Let us have a look at them.

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For Employees

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For Employers

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Understand Your Salary Details

Employees can gain a detailed understanding of their salary breakdown such as the amount of overtime, bonus, etc.

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To Apply for Credit

While applying for credit, the bank or lending institution asks for proof of income during which the salary slip has to be submitted.

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Proof of Employment

While applying for a new job, certain details of the previous employer such as the relieving letter, salary slips, and other references would be requested.

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Razorpay is the only payments solution in India that allows businesses to accept, process and disburse payments with its product suite. It gives you access to all payment modes including credit card, debit card, netbanking, UPI and popular wallets including JioMoney, Mobikwik, Airtel Money, FreeCharge, Ola Money and PayZapp.

RazorpayX supercharges your business banking experience, bringing effectiveness, efficiency, and excellence to all financial processes. With RazorpayX, businesses can get access to fully-functional current accounts, supercharge their payouts and automate payroll compliance.

Manage your marketplace, automate bank transfers, collect recurring payments, share invoices with customers and avail working capital loans - all from a single platform. Fast forward your business with Razorpay.

Disclaimer: The RazorpayX powered Current Account and VISA corporate credit card are provided by RBI licensed banks. Your RazorpayX powered current account is provided by our partner banks i.e, ICICI, RBL, Yes bank, in accordance with RBI regulations. RazorpayX itself is not a bank and doesn't hold or claim to hold a banking license.


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