Your Salary Slip, Decoded

Do you find salary slip confusing? Don’t be embarrassed. Most of us have been there. The salary that’s been offered to us during recruitment is not the same when its transferred to your account every month. Hence, to optimize tax liability, deductions and REALLY understand your income structure, it’s important to have a tête-à-tête with your salary slip. Although it’s not the easiest financial document to decipher. But it’s no rocket science either! Here’s a simple guide to understand the basic elements of your salary slip.