PNP Payslip is a document that’s given to an employee each payday that breaks down the information about the amount that is being paid, worked hours, and deductions.
Employee Information – This includes the employee’s name, employee ID number, and the period covered by the payslip. The period covered is the specific dates for which the employee’s salary is being paid.
Basic Pay – or the Base Pay is the salary initially paid to the employee before the additions and deductions
Other Earnings – These are additional payments given to employees on top of their basic pay
Attendance-related wages like overtime pay, rest day and holiday pay, night premiums, and even absences deductions like leave without pay, tardiness, and undertime
Recurring allowances like De Minimis Benefits or company-initiated benefits
Bonus like 13th-month pay
Deductions – These are payments deducted from the employee’s salary.
Government-mandated contributions like taxes, Social Security System (SSS) contributions, PhilHealth, and PAGIBIG which computations are all based on the employee’s income
Government loans like SSS and PAGIBIG’s salary and calamity loans
Company deductions like company loans and other recurring or one-off deductions
Net Pay – This is the employee’s take-home pay after all deductions have been made. The net pay is the amount of money that the employee receives in their bank account or in cash.
References:
Labor Code of the Philippines Presidential Decree Number 442