Read this blog to create a Salary Slip Format in Excel with the right formula and components of salary slips to make functional payslips/monthly salary slips for the company. According to research conducted by Statista, 86% of US companies use Microsoft Excel for various tasks. Moreover, you can also download from variety of Salary Slip Formats from the internet and use them in Excel. Microsoft Excel is one of the widely used tools for creating Salary Slip Formats because it allows you to create own formats and use them forever.
Companies use the Salary Slip Format to maintain a record of the monthly payroll of the employees.