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What is the Method of payment that your salary goes from employer to your bank account and you never see your money?
Wiki User
∙ 14y ago
It's called direct deposit.
Wiki User
∙ 14y ago
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What is Salary bank account?
A salary bank account or a salary account as it is more commonly called, is nothing but a regular bank account but one in which your employer will credit your monthly salary/paycheck every month. If you have a salary account with a bank, banks usually provide you with additional facilities like 0 balance account, credit cards, overdraft facilities etc.
Is Drawings income normally credit or debit?
While it's a credit to your account, it's a debit to the Salary & Remuneration account of your Employer.
What is the purpose of payroll?
Payroll cards are a bank debit card that allow people to draw money from their salary or wages instead of a deposit account. This has become an increasingly popular payment method in recent years.
What is direct deposit?
Direct Deposit is a facility using which companies can credit the monthly paycheck or salary for their employees into their respective bank accounts. For example, my employer credits my salary on the 1st of every month into my bank account. All I have to do is submit a written request to my employer with the details of the bank account into which I want him to credit my monthly salary.
What is the purpose of payroll cards?
Payroll cards are a bank debit card that allow people to draw money from their salary or wages instead of a deposit account. This has become an increasingly popular payment method in recent years.
Is revenue stamp is required if the employer transfer the salary to employees saving account and not by way of cash as per Indian revenue stamp act?
No. Revenue stamps are applicable on cash payment.
What makes a salary?
A salary is a monthly payment by an employer to an employee for his services for the past month. The word is derived from the Latin word salarius, which has to do with the allowance or payment of Roman soldiers with salt.
What is Salary bank account?
A salary bank account or a salary account as it is more commonly called, is nothing but a regular bank account but one in which your employer will credit your monthly salary/paycheck every month. If you have a salary account with a bank, banks usually provide you with additional facilities like 0 balance account, credit cards, overdraft facilities etc.
What is the definition of 'salary'?
Receiving a salary; paid by a salary; having a salary attached; as, a salaried officer; a salaried office., of Salary
Is Drawings income normally credit or debit?
While it's a credit to your account, it's a debit to the Salary & Remuneration account of your Employer.
What is the purpose of payroll?
Payroll cards are a bank debit card that allow people to draw money from their salary or wages instead of a deposit account. This has become an increasingly popular payment method in recent years.
What is direct deposit?
Direct Deposit is a facility using which companies can credit the monthly paycheck or salary for their employees into their respective bank accounts. For example, my employer credits my salary on the 1st of every month into my bank account. All I have to do is submit a written request to my employer with the details of the bank account into which I want him to credit my monthly salary.
What is the purpose of payroll cards?
Payroll cards are a bank debit card that allow people to draw money from their salary or wages instead of a deposit account. This has become an increasingly popular payment method in recent years.
How do you write letter to employer about change of bank account and deposit salary?
letter advising employees of company bank change
What is the Definition of direct credit?
It is an arrangement by which one get regular payment like salary credited one's bank account.
What is the meaning of day rate salary?
Day rate salary is the payment done to an employee by the employer for ones one day work. This depends on the amount of work one does in a day. If one does work for more number of hours a day then more the payment is and if one does work for less number of hours a day, less is the payment.
Who provides the salary?
the employer
