salary payment

salary payment

This page contains information about your monthly salary payment.

How and when do I receive my salary?

  • In most cases, salary is paid by transfer to a salary account at the end of the month.
  • Salaries are usually expressed as gross annual salary. In most cases, the salary is paid 14 times a year: twelve monthly salaries plus one month’s salary as a Christmas bonus and one month’s salary as a vacation bonus
  • With gross salary is meant the salary without deductions, with net salary the gross salary less mandatory social security contributions, insurance and taxes. These are paid directly by the employer. The money you get transferred to their account at the end of the month is therefore the net salary.
  • Taxes, social security contributions and other deductions (eg union dues) are deducted from the gross salary and passed on by the employer to the appropriate institutions (tax office, social security, etc.).
  • Employees receive a written payslip every month, which contains a detailed breakdown of deductions. It contains the following information: Name of the employer / name of the employee / personnel number / entry date / basic pay / normal hours / overtime or extra hours / allowances / bonuses / gross pay / statutory deductions (social security contributions, payroll tax, company employee and self-employed pension fund, etc.) / payment amount. Must also be apparent the assessment basis for compulsory insurance contributions and for payroll tax.
  • The annual gross salary must be specified in the employment contract.

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