SINGAPORE PAYROLL MANAGEMENT
In this topic, you will be able to learn about the Singapore payroll process. We will properly provide the guidance to you through the strict regulatory requirements that that will be needed for Singapore employers and at the same time for other main contemplation in payroll management.
PAYROLL SERVICES
Basically managing the payroll is a really tedious process, particularly when your employee's head reckon begins to grow, besides with your business.
This article provides information on the key elements involved in the payroll process and converses the several legislative requirements companies are required to align with.
SALARY/WAGE
The Employment Act of Singapore defines “salary” or “wage” as all compensation payable to an employee with respect to his employment, including allowances and bonuses. However, it excludes:
- The value of accommodation, the supply of light, water, medical attendance or other amenities;
- Pension or provident fund contributions paid by the employer;
- Travelling allowance;
- Payments to defray special expenses incurred in the course of duty;
- Gratuity paid on retirement or any retrenchment benefits payable.