Pay slips: see the amounts that gave rise to your salary

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Understanding the amounts on pay slips and the calculations associated with payroll processing can be a real challenge, even for the most experienced professionals.

This difficulty increases when you are starting your career as an HR technician or with responsibilities in the area of ​​HR administrative management and payroll processing, and it is even more difficult for workers who are trying to understand the amounts on their pay slip. In some cases, it can be a truly Herculean task.

What information is behind a pay slip?
Understanding the values ​​of pay slips is complex, precisely because hungary whatsapp number database is a range of rules and legislation that have a direct impact on salary processing.

We can immediately list the various possible frameworks within the Social Security regimes, including Personal Income Tax, the Employment Funds regime, work accident insurance, ADSE, Pension Funds, General Retirement Fund, among others.

Social Security
Carrying out a very simple analysis, we quickly realize that it is necessary to be familiar with the legislation associated with Social Security , namely:

Calculation of contributions and dues
Classification of employees in the different existing regimes
Reduction or exemption of contributions under schemes such as Family Support, Simplified Layoff, Support for progressive recovery…
Personal income tax
It is also necessary to be aware of the various regimes that exist for calculating withholding tax on personal income tax. This is because, in addition to the most common rules, there are specific regimes, namely:

IRS for Young People
Former resident and non-resident regime in exclusivity
Autonomous taxation of income from previous years
Specific rules regarding income subject to, not subject to, subject to but exempt from withholding tax, income brackets, IRS tables, etc.
Labor Funds (FCT and FGCT)
As we have seen, we already have a long list of decisions that need to be taken in preparing for salary processing. But we are still at the tip of the iceberg. In addition to all this, there is also the regime of the Employment Funds (FCT and FGCT), namely:

Delivery values
Situations covered and excluded from the scope of application
Impact of suspension periods.
ADSE, CGA, Pension Funds, subsidies, absences and licenses
But the list goes on, as it is still necessary to consider the mandatory insurance against accidents at work, and, depending on the sector of activity and the legal framework, you may also need to know the rules of ADSE, CGA, Pension Funds, etc.

Furthermore, there are also particularities relating to more specific remunerations depending on the sector of activity or associated with a specific function, such as the remunerations in clauses 61 and 74, national, international and cross-border allowances, …

There are also regimes that impact salary processing, such as the calculation of holiday entitlement, holiday and Christmas bonuses, absence and leave regimes, and we could continue the list.

How to simplify the understanding of pay slips?
As we have seen, the information behind a pay slip is very complex. And we have certainly all been in situations where it was difficult to understand the values ​​of the payroll. When this is the case, the ones who suffer the most are the HR professionals or the Accountants who spend a lot of their time explaining the values ​​on the pay slips.

This problem could easily be solved if the amounts that gave rise to the processing were properly explained in the receipts. That is, if the receipts had detailed information about the amounts that gave rise to them.

All company employees would be grateful and professionals in the area would be immensely grateful, as they would no longer waste precious time on a task that adds nothing to their work.

Detailed information on pay slips
Fortunately, the time spent on this operation is numbered. A solution that already includes this functionality has just arrived on the market, which promises to change the lives of HR technicians, accountants and also company employees.

Rose People has a set of variables used in salary processing (associated with each contract/employee and in relation to each processing period) that help to understand the values.

It is easy to understand the gross value, the hourly wage, the days worked, the days of justified and unjustified absences, and the number of days to be declared in the DRI.

On the attendance sheet, it is also possible to consult the expected working hours and the actual working hours, as well as any absences that occurred, and their respective impact on processing and amounts to be paid.

Detailed information on deductions and remuneration

A detailed view of all remunerations and deductions calculated is also available for those who pay attention to every detail. By going into the detail level, it is possible to check all the deductions that apply to each remuneration, the amount subject to tax, the amount that contributes to the IRS bracket, the amount not subject to tax or the part borne by the employee and the employer.

In addition to all this information, a description is also available that helps you understand how the remuneration was calculated.

Sharing information with employees
The hours spent explaining the values ​​that gave rise to salary processing really do seem to have their days numbered.

Rose People allows you to share detailed receipts with employees, freeing HR technicians from a time-consuming task that takes up time needed for other actions that generate more value.