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Payslips Payslips A mandatory document detailing the pay, - PowerPoint PPT Presentation

Nov 19, 2023 •180 likes •273 views

Payslips Payslips A mandatory document detailing the pay, withholding taxes and social securities given each pay period According to law the employer has the obligation of delivering the payslip The payslip provides information about

  1. Payslips

  2. Payslips • A mandatory document detailing the pay, withholding taxes and social securities given each pay period • According to law the employer has the obligation of delivering the payslip • The payslip provides information about the employee’s earnings and deductions in the pay period and information about annual leave, dates of employment, accrued annual leave carried forward and accrued TFR • The attendance record is either part of the payslip or provided at the same time as a separate document

  3. Mandatory report LUL: Single Employment Ledger • LUL – “Libro Unico Lavoro”, since year 2008 has incorporated all previous obligation related to mandatory books (“libro matricola”, “libro paga”, “libro presenze”, etc) • It must be prepared not later than the end of the following month, in respect to payroll calendar • LUL is actually the collection of all employees’ payslips, enriched with Time and attendance data, seconded employees (“distaccati”) and some formal indication such as continuous page numbering and Inail Authorization • The single employment ledger summarizes employee’s status and advises the supervisory bodies if the social, fiscal and administrative obligations have been properly settled • In case of Public audit, LUL is valid as a legal proof

  4. How to Read Payslip Inail’s Authorisation to print and keep the LUL single employment ledger and the progressive printing protocol Ø Employer’s identification data Ø Worker’s personal identifying data Ø Worker’s professional profile: qualifications, tasks, type of contract. Ø Date of recruitment Ø Components of the remuneration and/or salary established in the collective bargaining. Ø Month’s salary Ø Date of termination of the employment Ø Body of the single employment ledger: detailed explanation of all the calculation elements. Ø Section of attendance: exposure of ordinary, extraordinary, nightshift and additional hours of work performed; exposure of Ø absences for holidays, sickness, permits, etc. Summary of holidays and permits due, used and residual. Ø Methods Of Payment Ø Balance Of The Due Wages i.e. Net Pay. Ø

  5. Company and Employee’s Data Company: • Company’s general data • INPS registration • INAIL (“National Institute for Insurance against Accidents at Work”) registration Worker: • Matriculation number • Surname and first names • Tax code • Date of start

  6. Salary-related Elements • Salary for the pay period • Workplace • Contract of Employment • Level – qualifications • Elements of remuneration • Leave, holiday and paid leaves • Methods of salary payment (cheque /bank transfer) • Seniority jumps (no. – next increase date) • Worked days/hours in the month • Social security coverage (weeks)

  7. Attendance Schedule Worked hours Ø Absences from work (a specific code will be used for each absence) Ø Overtime – shifts / night shifts Ø

  8. Payslip: Other Information • Social security section /Family Allowances “ANF” • Monthly salary generating TFR (R.U.T) • Fiscal data (month) (income- family charges-taxes) • Fiscal data (year – accruals) – annual tax return • Severance indemnity (TFR) taxation (termination) • Total payments • Total withholdings • Rounding's (previous month/current month) • Net wage

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