Importance Of Payroll Slip Hong Kong For The Employees

What is a payroll slip?

A payroll slip is more commonly known as a salary slip. It is a document that contains a detailed description of the salary-related information and is issued by the employer to his employees. A typical payroll slip will contain information about the payment made to the employee, the LTA, the HRA and the bonuses paid (if any) along with a mention of any statuary deductions and the salary when it is being paid. It can be given to the employee either in the form of a written hard copy document or it can be directly mailed to him/her.

Why is payroll slip hong kong important?

  • A salary slip or a payroll slip is essential for the overall income tax calculation. It forms the basis for the determination of the money that needs to be paid in income taxes.
  • It opens routes to all kinds of medical benefits provided by the government along with subsidised food rates and other such facilities for the employees.
  • It can help an employee to choose their own employer. The employees can essentially compare their previous¬†payroll slip hong kongwith the offers that they are provided with new employers. This can help them to choose a better option while getting a new job.

Lastly, the payroll slip can be held as a strong proof of employment during formal procedures like that of getting a visa for international studies or travelling to other countries.