Dear Members ,
I have confusion in below attached salary breakup sheet.Can any one explain the breakup clearly.How they are deducted .Here what based i can get that Gross salary according to that sheet.
THANKS IN ADVANCE
RAMESH
From India, Bangalore
I have confusion in below attached salary breakup sheet.Can any one explain the breakup clearly.How they are deducted .Here what based i can get that Gross salary according to that sheet.
THANKS IN ADVANCE
RAMESH
From India, Bangalore
Btw Ram,
There are deductions from the employees salary like mandatory government medical benefits, social security, tax and some companies are also deducting home mutual benefits. On top of it, employers can deduct other deductions from the salary if the employee has an existing company loans or other loans depending on the company's policy. That's where I think the basis of the break down and must be reflected on each of the employee's payslip during payroll periods.
I hope this could help. Kindly check on your company's policies the basis of the deductions.
Ms. HR
From Philippines, Makati
3There are deductions from the employees salary like mandatory government medical benefits, social security, tax and some companies are also deducting home mutual benefits. On top of it, employers can deduct other deductions from the salary if the employee has an existing company loans or other loans depending on the company's policy. That's where I think the basis of the break down and must be reflected on each of the employee's payslip during payroll periods.
I hope this could help. Kindly check on your company's policies the basis of the deductions.
Ms. HR
From Philippines, Makati
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