It is an important document to avail loans, credit, mortgage and other borrowings from banks and financial institutions.Įmployees can compare offers from new employers based on their previous salary slips. Salary slips provide lenders with assurance that their lendings will be repaid. The salary slip gives employees access to various free or subsidised facilities provided by the government such as medical care, subsidised food grains, etc. It helps to prepare the Income Tax Returns (ITR) and determine how much tax is to be paid or how much refund is to be claimed by the employee for the year. The salary slip forms the basis for income tax calculation. List of earnings (income) and deductionsĪn example of a salary slip is provided below: Importance of a Salary Slip Basis for income tax payment.EPF account number and UAN (Universal Account Number).Employee PAN/Aadhaar number and bank account number.Employee name, code, designation and department.Company name, address, logo, salary slip month and year.However, the basic template for a salary slip includes the following: Proof of residence or office ownership.The format of salary slips differs for different companies.Bank statement from last six months of applying for the loan.Income proof: Documents of financial audits for at least two years.Know Your Customer (KYC) Documents: These documents are going to be the same as salaried individuals as mentioned above, namely Proof of Identity, Address proof, date of birth proof.Residence Proof: Any one of these documents, Leave and License Agreement, Utility Bill (dispatched within 3 months).Identity Proof: Any one of these may work, namely Passport, Driving license, Voter ID, PAN Card.Things Required to Qualify for Insurance: ICICI Bank’s coverage plan known as “Loan Protect Plus” provides an insurance cover to the applicant in order to facilitate them in case of a mishap or untimely death. One can repay the loan with the help of internet banking or by issuing cheques to an ICICI Bank branch. In both the cases these parameters are amendable if the bank is convinced of the applicant’s financial stability. Should be in the same business for 5 years and minimum 3 years for doctors.ġ year of liability relationship (current or savings account) or asset relationship (loan) either live or closed in the last 36 months repayment track as required.

INR 2 lakh for proprietorship firm/self employed individuals and INR 1 lakh for non-professionals. INR 40 lakh for non-professionals and INR 15 lakh for professionals.

Icici bank employee salary slip