A pay slip, or a salary slip, contains important information about the components of a monthly pay, and includes, among other things, the amount of social security and health insurance contributions deducted. How to read the pay slip correctly and is an employer obliged to issue it?
A pay slip is a summary of the most important information concerning the components of an employee’s salary, such as any contributions deducted from the pay and any tax deductions or preferences applied. The pay slip informs an employee what the difference between the gross and net monthly salary is.
A lot of companies prepare monthly pay slips for their employees informing them about how their salaries are calculated. Under the Labour Code, employers are not obliged to do so, but it is possible to provide for such an option in the work regulations or remuneration regulations. Providing employees with pay slips is therefore entirely voluntary, and the slips can be produced both in electronic form, so-called e-slips, and in paper.
The pay slip, whatever form it takes, contains a number of items indicating the way in which an employee’s net salary is calculated. The number of items is not influenced by the way in which the pay slip is distributed (e-slip or paper slip), but by the reliefs applied, tax preferences, calculation method, working time, etc.
However, each pay slip contains key items, which are:
The most important information contained in the pay slip is of course the net amount of salary resulting from the calculation. The employee can check on this basis whether the amount on the pay slip corresponds with the amount of remuneration transferred to the bank account.
There is no doubt that the future belongs to electronic pay slips. E-slips, made available online, are becoming more and more popular, and most employees prefer this form of receiving information about their monthly salary calculation.
Electronic pay slips contain exactly the same information as their traditional paper counterparts, with the only difference that their distribution is much simpler and at the same time ecological. In addition, the pay slip itself is better protected against access by third parties, as security features such as data encryption and security certificates are the standard.
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