Glossary · People and pay

What is a payslip (salary slip)?

A payslip (salary slip) is the statement given to an employee for a pay period that shows how their pay was worked out: the salary, the days worked and not worked, additions such as overtime, deductions such as an advance being recovered, and the net amount paid.

Also called Salary slip, Pay slip, Wage slip · People and pay · Last reviewed 25 September 2026

What goes on one

  • The person, their role and the month.
  • The monthly salary and the rate for one day — and how it was worked out.
  • Days present, days on leave, days absent; half days as halves.
  • Additions (overtime) and deductions (advances recovered, and any statutory deductions that apply to that employer).
  • The net pay, the date and how it was paid.

The day rate is where disputes start. Dividing by a fixed 30 makes a day in February cheaper than a day in March; dividing by the days in that month does not. Whatever the method, write it on the slip.

A payslip is also the proof a person shows for a loan or a rented room — one more reason it must never change after it has been paid.

Example

Monthly salary ₹18,000. September has 30 days, so a day's pay is ₹600 (in a 31-day month it is ₹580.65, in a 28-day February ₹642.86). With two days that count as unpaid and a ₹3,000 advance being recovered, the payslip reads ₹18,000 − ₹1,200 − ₹3,000 = ₹13,800.

How Nivasik handles it

Nivasik does salary and payslips: pay worked out from the days somebody actually worked, advances, and payslips that are frozen once paid. It is not statutory payroll.

  • Attendance is one square per person per day; half days are half.
  • A day of pay is the monthly salary over the days in that month, never a fixed 30.
  • Advances are taken off the payslip in the month they are recovered.
  • The month is worked out in the database, so the screen and the payslip cannot disagree; a payslip is frozen once paid, and a later attendance correction cannot change what was paid.
  • Marking the month paid books the net as an expense, on the day it was paid.

What Nivasik does not do

  • Nivasik's payroll is salary and payslips, not statutory payroll: it does not calculate PF, ESI, professional tax or TDS, and it does not file returns.
  • Nivasik works out the pay and freezes the payslip; it does not move money to anyone's bank account — salaries and advances are paid the way you pay them today, and recorded here.
  • Where PF, ESI, professional tax or TDS have to be calculated and filed, a dedicated payroll app is the right tool for that part.

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