The deductions must also be clearly stated.

Finally, it will state the amount the employee receives after these withholdings.Ī sample of a typical payslip format includes the pay before and after deductions. Payslips detail the amount of pay given before tax, as well as the tax, insurance and other company schemes including pensions, that have been deducted. Let’s begin by answering the question “ what is a payslip”? A payslip, also known as a salary slip or pay stub, is a document given to an employee by their employer.