Payslip

Payslip

A payslip, also known as a pay stub, paycheck stub, or salary slip, is a document an employer provides to an employee that outlines the details of their earnings and deductions for a specific pay period. It is usually issued along with the employee’s salary or wages.

Key Features:

1. Transparency:

  • Clear breakdown of earnings, including base salary, allowances, and bonuses.
  • Detailed listing of deductions, such as taxes, insurance, and other withholdings.

2. Compliance:

  • Ensures payslips adhere to relevant labor laws and taxation regulations.
  • Regular updates to reflect changes in legislation, maintaining legal compliance.

3. Employee Understanding:

  • Well-structured payslips to help employees comprehend their total compensation.
  • Year-to-Date (YTD) summary for a comprehensive view of earnings and deductions.
"Lenvica HRMS allows you to print payslips or email them to employees, and they can also be viewed on the Employee Self Service Portal or Mobile App."