What is YTD payslips ?

A Year-to-Date (YTD) payslip offers a comprehensive summary of an employee’s total earnings and deductions from the beginning of the current calendar year up to the date of that payslip. It typically includes the following components:

• Gross Earnings: The total income earned before any deductions.
• Deductions: Amounts subtracted from gross earnings, such as taxes, insurance premiums, retirement contributions, and other withholdings.
• Net Earnings: The take-home pay after all deductions have been applied.
• YTD Figures: Cumulative totals for both earnings and deductions recorded from the start of the year to the current payslip date.

YTD payslips are helpful for employees to monitor their overall earnings and deductions throughout the year. They provide a clear view of one’s financial standing and offer insight into how much income has been received and how much has been deducted for statutory and other purposes. Payslips are generally issued on a regular basis—monthly, bi-weekly, or according to the organization’s pay cycle.