Deductions

Deductions can be defined as the amount of money that is deducted from your total payable salary or gross salary. The deductions can be on account of loan instalments, taken from the organization or they could be on account of unpaid leaves taken by the employee. Each organization has their own policies governing what types of deductions are allowed to be deducted from the total salary, before paying out the final salary amount for the period, usually, monthly.