Hi Shiju,
As implementation of payroll is often location specific, it's likely that you'll need to write your own jasper report to get the payroll information into a report that could be used as a payslip.
Getting payroll to work is a project that I'm not really looking forward to, but I do plan on sharing any reports and configuration specific to my locality with the community. I hope to have this done before the end of the current financial year.
I'm in Australia and like all countries, we have our own unique regulations in relation to the paying of superannuation, the reporting of payroll withholding etc.