Parts of a payroll

Do you want to learn how to read a payroll? The payslip is the receipt that a company issues for the worker, where it accredits the payment of the different amounts of money that make up the worker’s salary.

Below we explain the parts of a payroll:

1. Company data: Tax name, address, N.I.F. and Social Security contribution code.
2. Worker data: Full name, N.I.F, Social Security affiliation number, job, category, contribution group and date of seniority.
3. Settlement period: Period that runs from the first day to the last day that covers the salary specified in this payslip.
4. Accruals (Sum)
   • Salary perceptions
     • Base salary: Remuneration established by the collective agreement.
     • Extraordinary bonuses: This is what is known as extra payment, they can be prorated during the 12 months of the year or be paid in a specific month.
     • Salary supplements: A concept that remunerates the worker’s work, they can be given by the collective agreement, as compensation for the quantity or quality of the work or granted by the company on a voluntary basis.
   • Non-salary payments
     • Compensation: Payment that the company makes to the worker for expenses that he or she may have incurred due to work.
     • Social Security benefits and compensation: Measures put into operation by the Social Security for worker’s situations.
     • Other perceptions
5. Deductions (subtracted)
   • Worker contributions to Social Security contributions and joint collection concepts:
     • Common contingencies: Social Security contributions for various items.
     • Unemployment: Social Security contributions for unemployment purposes.
     • Vocational training: Social Security contributions for various training items
     • Overtime due to force majeure: Contribution generated by overtime due to force majeure (2%)
     • Other overtime: Contribution generated by overtime
     • I.R.P.F: Amount on Personal Income. This is the financial advance corresponding to the Income Tax Return.
     • Salary advances: An advance of money from the salary is reflected in the event that the worker has requested it and it has been granted.
     • Other deductions.
   • Total liquid to be perceived: The sum of all the parts of point 4 – the sum of all the parts of point 5. This is the amount that will be paid to the worker.
6. Determination of contribution bases: The explanatory table for the calculation of deductions is shown. It is an informative section.
7. Overtime (total overtime worked during the period), signature and seal of the company.