Payroll Glossary Archives

What is Attendance Regularization in Payroll Systems?

It’s quite normal for employees to sometimes forget to punch in or out due to some technical glitch in their attendance device or...

Allowances is a term that helps employees to manage expenses like travelling, cost of living, housing and more. An employee must have come...

A salary certificate is a formal document that confirms an individual’s employment and income. Usually, one doesn’t require this, but...

Cost to Company, or CTC, can be defined as the annual expenditure incurred by a company to pay an employee. This amount combines the salary...

In today’s digital payroll environment, a Salary Slip Format in Excel is more than just a document — it is a legally important...

The term “severance pay” carries significant weight. But what exactly does it entail? Whether you’re an employee facing...

Employers may offer variable pay to incentivise and recognise their employee’s job performance. It’s an extra payment that may be given...

Dearness Allowance (DA) serves as a crucial cost-of-living adjustment provided by the government to public sector employees and pensioners....

LOP arises when an employee opts for an approved leave of absence from their work duties but does not receive their usual salary or wages...

In employment, compensation extends far beyond just monthly salaries or hourly wages. Among the multiple components of an employee’s...