Hi Prachi
As Mithun addressed it, I've replied earlier to u based on ESS scenario. Now for R/3, Yes!! it is possible to display. Ask ur ABAPer to prepare a driver pool program for that smart form which calls the Payslip data & create a report where we can run the payslip to display with that custom smart form.
I hope u have already provided the layout & all stuff.,
Just try & let me know...
Cheers 
Pradyp