It is a certified computation of an employee’s salary basing on the policy of the company as well as pre-existing labor codes and laws. It is a permanent record kept by the accounting and treasury department of your company. You may also see transfer receipt examples & samples. It provides transparency on what the employee gets as his/her take home pay while giving the list of the items deducted to the salary. You already probably know by now what is payslip, but to define the word more clearly, a payslip is a piece of paper containing or showing an employee’s full amount pay and the deductions taken from due to tax, contributions, loans, and others.