Paycheck

What is a Paycheck?

A Paycheck, Payslip, Payroll Stub, Pay Advice, Paycheck Stub, Salary Slip, or Pay Stub, maybe a document that an employee receives from an employer after getting the salary. It contains the small print of the net salary paid to the employee, together with the detailed breakup of various salary components.

The information on a paycheck is organized into 2 columns –

• 1st column contains details of all earning components such as basic, allowances, HRA, bonus, etc.
• 2nd column contains details of all deduction components such as insurance, income tax,  etc.

Also, See: Severance Pay | Incentive Pay