What does 200t tax code mean?
Have you been puzzled about the abbreviations on your payroll? We will explain to you quickly and easily what the cryptic abbreviations really mean.
When the pay slip flutters into the house at the end of the month, many only understand Bahnhof: What on earth do all the abbreviations mean?
Sure, basically most of them know what prints are due each month (if not, you can find out here). Nevertheless, it is always good to know what amounts are being deducted - if only to Payroll errors quick to notice. After all, payroll errors can cost you money.
Payroll: Abbreviations Explained Quickly
In order to shed a little light on your pay slip, we have put together the most important abbreviations on the pay slip:
|BGRS||Contribution group key|
|E.||One-time purchase||irregular payments such as Christmas or vacation pay|
|H||Additional amount||Applies when the employee is in more than one employment relationship. Registration via the income tax reduction procedure at the tax office required.|
|J||Part of the total gross||Amounts that are counted towards the total gross|
|Ki.Frbtr.||Child allowance||The child allowance is deducted from taxable income and reduces the income tax burden.|
|KK%||Relevant contribution rate for health insurance including additional contribution|
|L.||Current reference||All regular payments from the employer, including salary. Also fluctuating remuneration such as commissions.|
|N||Recalculation||Occurs if errors occurred in the payroll for the previous month.|
|PGRS||Person group key|
|S.||Other reference||Like one-time purchase.|
|Tax ID||Personal tax identification number|
|Z||Relevant premium surcharge for long-term care insurance for childless people||Contribution surcharge for long-term care insurance for childless persons in addition to the regular long-term care insurance contributions.|
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