If your company has applied for the PSU, you NEED to include a customized message in your payslip. Just one click you can download or email the payslip to your employees.Īt we are grateful that Malaysian Government is providing subsidy assistance to employees via Program Subsidi Upah (PSU). Auto generation of payslip by 's Payroll Module. Simply click on "Send pay slip" to email Payslip to your employees, or "Download pay slip" to view the Payslip on the spot. Just click a few buttons, and you can easily send payslip to your employees. With you can just simply adopt the default payslip format we have prepared. Xii.Ĝalculations of Gross Pay, Gross Deductions, Gross Company Contributions and Net Pay amount. Xi.Ğmployer Contribution section, comprises of X.Ğmployee Earnings/Deductions section, comprises of When preparing payslip, it is recommended to have the following information available: What information required to be shown on Payslip Manual Payslip without complete information could attract audit by authorities & penalty for non-compliance Employee can use payslip as a proof of income for loan application.
It can also be used for his/her tax calculation/deduction and tax information.Įmployees may also use this as a credit referral for financial institutions for loan applications, and other usage to prove he/she has an income.
It is also a document of salary expenses for the company’s expenditure.įor employees, this can be served as an evidence that he/she is employed by the company, and records the correct salary amount/statutory deductions as stated in the employment contract.
All employers shall furnish every employee employed by him in a statement relating to the details of wages and other allowances earned during the wage period.įor employers, it is a record that the company has performed its obligation to the employees. The issuance of payslip is mandatory as per the Malaysia Employment Act 1955. Whether you are running a restaurant or retail shop, you need to issue payslip to your employees. If you are an employer and you hire employees, you should be issuing him/her a payslip. If you are working in an company, be it small or big, you should receive a payslip.
Payslip: Why is it important & how to prepare Payslip correctly
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