What is an employee salary certificate?
The salary certificate is authorized by the permitted person of the firm with the letter head of company’s stamp and signature of the higher authorities. It is an official document issued by the head of the department that demonstrates the employee’s capacity of earning in a specific time frame.
Human resource department is only allowed to facilitate the employee with legal document on his request and that too with the approval of his boss. The validity period for this vital report lasts for one year or less.
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[For Word: (.docx) File: Personal Use Only] [Size: 204.0 KB]
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[For Word: (.docx) File: Personal Use Only] [Size: 204.0 KB]
Download
[For Word: (.docx) File: Personal Use Only] [Size: 204.0 KB]
Download
[For Word: (.docx) File: Personal Use Only] [Size: 204.0 KB]
What is the main purpose of a salary certificate?
It is very essential when it comes to financial assistance in the form of loan taken from the banks, especially when it becomes a necessity and that working individual must show up his credibility and the capacity to earn in a month with this record. It serves as the best evidence in inquiring about the repayment volume of the borrower for the financial institutions that provide aid for car loan or housing loan.
The main purpose of this certificate is to attest that the employee is a self-regulating person and has a regular flow of revenue. It has a drive of verifying that the holder of the document is a truthful person and, in the position to reimburse the taken grant on the definite time.
What does a salary certificate show?
The initials of the draft should comprise of the name and address of the organization, followed by the individual’s credentials like name, joining date, the rank held in the corporation, and the total salary he/she is being paid.
It should contain the following details:
- Gross Income
- Deductions / Recoveries/Allowances
- Net wage
A salary certificate is a comprehensive and clear document forming the base for staff member’s assessment in terms of taxation. It provides a thorough insight of the employee, his designation in that company, experience gained over some post, annual raise and monthly earnings.
What are the benefits of a Salary Certificate?
- When an employee is hunting for a new job to gain more exposure, he should exhibit his skill set, appreciation and reward which he has achieved for that knowledge that he has gained over the past years, is being paid with the handsome amount.
- Corporate sector relies on the proof in the form of a duly stamped document stating the validity of the employee’s paying module. It becomes easy for the new hiring committee to decide the pay scale and quote that range to the candidate. Negotiation becomes handy when you are having a background of the applicant’s paying rate.
- It gives you advantage in obtaining a credit card, grabbing the profitable insurance policy advertised by a company or getting hold of a loan for your problems.
- Your credit worthiness is determined in the organization for which you are serving for.
Hence it proves valuable to both, the employer and the employee. To replicate all the above-mentioned facts a salary certificate must have a pleasant look with sufficient technical break-down of the columns and
Your discovery for the attachments of all the formats that a diligent worker can use it as a salary template