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Q.What payroll terms do I need to know?  


Bharathi
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Payroll Terms

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Admin
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There are many. Here are a few basic terms:

  • Compensation: Everything you give employees in exchange for their work, like wages, bonuses, other benefits.
  • Deduction: The money you deduct from an employee’s wages for taxes, provident fund etc.
  • Gross wages: An employee’s total wages before deductions.
  • Net wages: An employee’s take home pay after deductions.
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