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Payroll system in a company
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<blockquote data-quote="twisted" data-source="post: 24215409" data-attributes="member: 82108"><p>Mainly you have your basic salary which is your months fixed salary. Then on top of that you will have your fixed allowance like budgetary relief allowances or skill allowances or fuel allowances.</p><p></p><p>Then you will have your variable allowance such as overtime or attendance bonus or incentives like sales incentive </p><p></p><p>Then thirdly you have your deductions </p><p></p><p>These could be your no pay deductions or late deductions which will be deducted from your gross salary. They will also be deducted from your tax or epf bases </p><p></p><p>Then you habe your contributions ..which could be epf or msps..</p><p></p><p>Then your paye tax and stamp duty </p><p></p><p>Then there are other deductions like welfare deduction or mobile phone deductions or loans </p><p></p><p>So after all of these you get your net salary..</p><p></p><p>So basically it would go as follows</p><p></p><p>Basic salary </p><p>allowances</p><p></p><p>Gross salary</p><p></p><p>Deductions</p><p></p><p>Epf deductions</p><p></p><p>Tax deduction </p><p></p><p>Net salary</p></blockquote><p></p>
[QUOTE="twisted, post: 24215409, member: 82108"] Mainly you have your basic salary which is your months fixed salary. Then on top of that you will have your fixed allowance like budgetary relief allowances or skill allowances or fuel allowances. Then you will have your variable allowance such as overtime or attendance bonus or incentives like sales incentive Then thirdly you have your deductions These could be your no pay deductions or late deductions which will be deducted from your gross salary. They will also be deducted from your tax or epf bases Then you habe your contributions ..which could be epf or msps.. Then your paye tax and stamp duty Then there are other deductions like welfare deduction or mobile phone deductions or loans So after all of these you get your net salary.. So basically it would go as follows Basic salary allowances Gross salary Deductions Epf deductions Tax deduction Net salary [/QUOTE]
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