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Pay Stub/ Payslip Template Pay Stub|Source : ‌‌ What is the Information Included in a Pay Stub?

It is important to understand that the pay stub is a supporting document that goes with your Pay cheque. The receipt is also referred to as the payslip or the paycheck.

You can consider it a 'mini' income statement that you are getting from your employer, where your gross income is the revenue, and the net income or take-home income is what you get to keep.Įmployers that pay their employees in the form of cheques or deposit the considerable amount directly in the bank account tend to give a Pay Stub. In the simplest terms, a pay stub or payslip paycheque slip or salary lip is a receipt given by your employer, which communicates critical information like your gross income, deductions, taxes, and net income.