

Some common types of allowances include vehicle allowances, housing allowances, or travel allowances. It is typically negotiated into the employment contract.

Some use a simple salary structure with the total amount of earnings counting as the basic salary. In Sri Lanka, companies use different structures when calculating the salaries of employees. What are the types of payments and deductions found in salary slips?

What are the common problems faced by companies managing payroll in-house?.How to calculate the salary of an employee and no pay deductions?.What are the types of payments and deductions found in salary slips?.This will help you avoid legal complications and penalties and make sure you keep your employees satisfied with how their salaries are managed. This article covers everything you need to know about payroll management, preparing monthly salaries, preparation of monthly payroll reports, making EPF and ETF payments, and the current regulations. However, most business owners do not know the correct process to follow and risk ending up with fines and penalties. From the first day they join, it is your responsibility to follow all legal regulations related to their salaries, EPF, ETF, and taxes. One of the first things to do when starting a company is to hire employees to help you with your operations.
