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A payslip template is a format which helps produce consistent, reliable payslips to employees. It contains employee information section, pay period, gross pay, deductions, taxes, net pay and employer details. A template in payroll processing reduces work and ensures that companies maintain compliance with labor laws. The templates can be designed in Excel, Word or payroll software. They keep all relevant pieces of information and ensure they are presentable. Any customization of a payslip template with branding from a company can also produce a professional outlook and gain trust with employees as well as transparency.