You will definitely need a salary certificate if you are applying for a loan from any financial institution. Even if you are applying for a simple car loan, banks will first check your credit score and salary certificate. So, that’s the primary reason we should learn how to make salary certificate if applying for a loan.
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A salary certificate is a verification document which declares the amount an employee receives from the employer. This certificate is issued by the authorised person in an organisation. It contains the basic information about the employee’s salary such as Basic Pay, House Rent Allowance, and other allowances and perquisites.
Details that are included in salary certificate are:Name of the employee along with the employee code.
Date of birth and address of the employee.
Name of the organisation.
Date of joining the organisation.
Department and present designation in the company.
Basic Pay, Dearness Allowance, House Rent Allowance, Other Allowances etc.
Deductions i.e. Employee Provident Fund Contribution, ESIC deductions, Insurance, Loans etc.
You should know that there is a significant difference between the salary certificate and salary slip. A salary slip is issued every month by the employer. On the other hand, a salary certificate may be issued for a particular time span which may be as required or a full financial year or the required period. It can also signify the full tenure of the company.
How to write salary certificate?
The salary certificate should contain three important details:
- Gross Salary
- Deductions / Recoveries
- Net salary
How to make salary certificate format?
I will provide you with a link below and you can download the format of salary certificate.
I hope you know how to make salary certificate now.
Read more:
What is salary Account?
How to calculate arrears in salary?
How to calculate income tax on arrear salary?
How to get salary slip?
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How to make salary certificate if applying for a loan?
Himadri
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2 Year
2022-09-04T23:57:53+00:00 2022-09-04T23:57:55+00:00Comment
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