Gross salary and the amount credited to your bank are different figures. Learn how to read the main parts of a payslip with confidence.
Read the earnings section
The earnings section may include basic pay, allowances and other components. Their names and treatment depend on the employment arrangement.
Understand deductions
Deductions can include tax, employee contributions and other authorised amounts. Check the description and ask your payroll team about unfamiliar entries.
Check net pay
Net pay is the amount remaining after deductions and adjustments. Compare the payslip with the bank credit and keep a copy for your records.
This sample guide is for learning and general reference. Check current applicable provisions and consult a qualified adviser before making tax or compliance decisions.
Explore more articlesRecent Posts
Build a Business Compliance Calendar You Can Actually Follow
Bring recurring tasks into one place. A simple calendar helps you track responsibilities, supporting records and review dates throughout the year.
Read the full guideStarting a Business? Understand the Structure Before You Register
A sole proprietorship, partnership, LLP and company serve different needs. Start by understanding ownership, responsibilities and ongoing record keeping.
Read the full guideDocuments to Keep Ready Before Preparing Your Income Tax Return
A little preparation can make the return process smoother. Here is a useful starting point for collecting income records and supporting documents.
Read the full guide