Salary Certificate Format for Bank Loan

Salary Certificate Format For Bank Loan What is the Salary Certificate Format for Bank Loan? In most of the cases salary certificate for bank loan issues without specified format. Salary Certificate format contains some necessary information related to an employees' salary break-up including the tenure. Break-up of salary certificate format shall be in the following headers:

Salary Certificate Format To Show Gross Pay and Allowances: 

Under this head, salary certificate shows the amounts an employee is entitled to get, from the employer.

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Salary certificate shows the Gross Salary amount, which will be the sum total of all the figures.

Salary Certificate Format To Show Deductions: 

Under the Deductions head, salary certificate format shows all the figures of sum that are required to be deducted from the salary, like Income Tax and other taxes to be deducted at source, installments of loans / advances repayable by the employee, provident fund contributions etc.

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At the end of the section of the salary certificate format, show the sum total of the deductions.

And finally, the Salary certificate format for bank loan must have net salary to be paid to the employee, which is the Gross Salary minus the Total Deductions.

A simple Salary Certificate format for bank loan is given below: This is to certify that Mr./Mrs. - - - -- - - - -- - - - -- - - - -- - - - -- - - - -- - - - -- - - - is working with us since "month dd, yyyy" and presently designated as - - -- - -- - - - -- - - - -- - - - -- - - - -- - - - -- - - - -- - -- - --, his/her present residential address as per our records is - - - - - -- - - - -- - - - -- - - - -- - - - -- - - - -- - - - -- - - -- - - - -- - - - -- - - - -- - - - -- - - - -- - - - -- - - - -- - - - -- - - - -- - - -- and his/her salary emoluments for period of January 01, 2011 to March 31, 2011 are as mentioned as below:

Gross Emoluments 

Basic Salary .......................: xxxx.xx

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HRA ...............................: xxxx.xx

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Allowance 1 .......................: xxxx.xx

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Allowance 2 .......................: xxxx.xx

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Special Allowance ..................: xxxx.xx

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Conveyance .........................: xxxx.xx

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Gross Amount .......................: xxxxx.xx

Deductions 

PF .................................: xxxx.xx

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Loan 1 .............................: xxxx.xx

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Loan 2 .............................: xxxx.xx

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Others .............................: xxxx.xx

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Total Deductions ...................: xxxxx.xx

Net pay ............................: xxxxx.xx In addition to above Mr. / Mrs. is entitled to bonus of Rs. ----------- and LTA of Rs. ------------. We hereby declare that we have deducted income tax of Rs. ------------- from Mr. / Mrs. -------------------------------------------- emoluments and same has been deposited in ------------------------ Bank branch. This salary certificate is being issued to him on his --------------------------------------- request. For company name Authorised Signatory