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Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
What is the difference between salary slip and salary certificate?
According to me, a salary slip is document detailing how much salary is earned by the employee for a particular month, Whereas Salary Certificate is a document issued by an employer which certifies the salary on which the person is employed.
What is a salary certificate?
The salary certificate is a document issued and verified by an authorized person of an organization, on the organization letterhead with the company stamp and signature to verify the document. A salary certificate is a verification document issued to the employee by the employer to declare employment.
What is the use of salary certificate?
Salary certificate is a verification document issued to employee by employer to declare employment. The salary certificate signifies the association of the employee with that company, and it covers information on employee salary and employment period and salary paid for certain timeframe.
What is a salary certificate letter?
A salary certificate or salary verification letter is a letter from an employer that shows the carrier of the letter commands an income and has a regular, dependable position, according to Rocket Lawyer. Reference.com.
How can I get salary certificate?
What is a Salary Certificate? A salary certificate is an official document which is issued to an employee upon request by the employer. The document contains the employee's total monthly earnings, total monthly deductions, salary break-ups and a summary of net salary received by him/her during the month.
Is salary certificate and Form 16 same?
Salary Certificate shows the rate of salary being drawn by an employee. It is a proof of income which can be produced for various purposes. Form 16 shows the salary paid to an employee during a year and TDS deducted towards income tax.
Is Form 16 equivalent to salary certificate?
Form 16 is a salary certificate and a certificate in case TDS is deducted u/s 192 on salary. Say base limit for tax on salary is 160000. If the salary pa is 125000 then salary certificate will be issued. Suppose salary is 200000 then TDS certificate will be issued.
Is it mandatory to issue Form 16 to all employees?
The provisions in the Income Tax Act make it compulsory for an employer to issue Form 16 to his employee if TDS has been deducted from his salary. This form is issued annually in accordance with the provisions of the Income Tax Act normally after the end of the financial year for which it is issued.
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