A salary slip contains different elements of your wage, such as the basic salary, house rent allowance (HRA), dearness allowance (DA) and performance-based incentives. What Is A Salary Slip?Ī salary slip is a formal document that your employer issues to you every month to let you know the details of your pay package, which includes deductions and your take-home salary. In this article, we discuss the details, importance and format of salary slip. Your employer issues a salary slip before the salary gets credited in your bank account. A salary slip or a payslip is an essential document for an employee.