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