Dear Members, I am confused about the attached salary breakup sheet. Can anyone explain the breakup clearly and how the deductions are made? Based on what criteria can I determine my Gross salary according to that sheet?
Thanks in advance.
Regards,
Ramesh
From India, Bangalore
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Thanks in advance.
Regards,
Ramesh
From India, Bangalore
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There are deductions from employees' salaries, such as mandatory government medical benefits, social security, tax, and some companies also deduct home mutual benefits. Additionally, employers can deduct other amounts from the salary if the employee has existing company loans or other loans, depending on the company's policy. This is where I believe the breakdown should be based, and it must be reflected on each employee's payslip during payroll periods.
I hope this information is helpful. Please review your company's policies regarding the basis of these deductions.
Regards,
Ms. HR
From Philippines, Makati
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3I hope this information is helpful. Please review your company's policies regarding the basis of these deductions.
Regards,
Ms. HR
From Philippines, Makati
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Salary breakup format.xls
Salary Breakup Annexure.doc