For example, if an organization pays the salary twice a month, the employee would send the acknowledgment receipt twice as well and if the organization releases the payment after a month, the acknowledgment receipt would be on the monthly basis as well. The frequency of the salary acknowledgment receipt is dependent on the salary payment structure of organizations. Some organizations attach and send the salary acknowledgment receipt along with the salary slip, while others provide a template that needs to be signed by the employee every time the salary has been received. However, as required by law and government policies, the organizations are required to issue a document that would clearly state the breakdown of the salary that has been given to the employees.įor instance, what percentage has gone in gratuity, what part was taxed, what has been released, what is the basic salary, what are the bonuses or commissions, etc., are the components of the salary breakdown.Īfter receiving this breakdown or salary receipt, the employee is required to acknowledge receiving the salary through a salary acknowledgment receipt. On the other hand, in medium to large organizations, giving cash is not possible, so the Finance department transfers directly to the bank accounts of the employees.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |