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We are proud to present this collection of 41 Free Payroll Templates using MS Word, MS Excel and in PDF format to assist you in your Payroll needs.

While we discuss payroll sheet, the most important thing to understand first is payroll itself. Payroll is the total amount that an employer or company has to pay to their employees or workers for a particular period of time i.e. 1 week or 1 month. Usually this payroll sheet has much more information to offer. Commonly, a payroll sheet includes complete list of all the employees in a company and their payable salaries for a specific period of time. Keep in mind that total sum of payroll is usually different for each month because there are multiple factors involved i.e. employee strength, worker’s attendance, deductible taxes, overtime and bonuses.

Importance of Payroll Templates:

Most people have the misunderstanding of payroll as the system that calculates your salary and that’s the entire role of this system. In reality, there are many advantages that employers can get from payroll sheets. For instance, at any given moment, the employer can quickly check the payroll list and see how many employees are working on his payroll. He can also check this list to confirm payable amount in form of salaries and wages for each month. Then there is the added benefit of deductions and bonuses that can be calculated very easily on the same payroll sheet. A payroll sheet is a list of employees with details including; month for which salary is calculated, total earned salary of each employee, total hours each employee worked, added bonuses and compensations, tax deductions and other deductions i.e. retirement fund or provident fund. At the end, in front of each employee is the final figure or next income for the given month. Not only that employer can quickly verify the income of each employee but employees can also get to see their salary statement derived from the same payroll system to check and verify how much the employer deducted from their salaries.

Free Payroll Templates:

Here are previews and download links of these Free Payroll Templates to help you with your routine payroll challenges.

Payroll Template 01

Download link for this Payroll Template 01 is bellow,

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payroll template 02

Click on the download button bellow to start downloading this Payroll Template 02,

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payroll template 03

Download this payroll template 03 in MS Excel format from the link bellow,

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payroll template 04

You can download this Payroll Template 04 from the link bellow,

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payroll template 05

 

Download link for this payroll template 05 in MS Excel Format,

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payroll template 07

Here is preview of this good looking Payroll Template 07 in MS Word format,

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payroll template 08

Download link for this Payroll Template 08 in MS Word Format,

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payroll template 09

Here is download link for this Payroll Template 09 in MS Word format,

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payroll template 10

Download link for this Payroll Template 10 in MS Word Format,

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payroll template 11

Here is download link for this payroll template 11 in MS Excel format,

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payroll template 12

Download link for this Payroll Template 12 in MS Excel file format,

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payroll template 13

Here is download link for this Payroll Template 13 in MS Excel format,

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payroll template 14

Download link for this Payroll Template 14 in MS Excel format,

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payroll template 15

Here is download link for this Payroll Template 15 in MS Excel format,

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payroll template 16

Click on the button bellow to start downloading this Payroll Template 16 in MS Excel format,

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payroll template 17

Download link for this Payroll Template 17 in MS Excel format,

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payroll template 19

Here is download link for this Payroll Template 19 in MS Excel format,

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payroll template 20

Click on the download button to start downloading this payroll template 20,

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payroll template 21

Here is download link for this Payroll Template 21 in PDF Format,

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payroll template 22

Download link for this Payroll Template 22 in MS Excel format,

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payroll template 23

Here is download link for this Payroll Template 23 in MS Excel format,

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payroll template 24

Download link for this Payroll Template 24 in MS Excel format,

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payroll template 25

Click on the button bellow to start downloading this payroll template 25 in MS Excel format,

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Legal aspects of Payroll Sheet:

From Employees’ Point of View:

You can think of all the good reasons why employee work in your company and how proud they are to work for you but keep in mind that at the end, it all comes to getting paid for your services and hard work. A happy employee is a myth but sometimes it’s easy to crack comfort and satisfaction of employees because getting paid makes employees happy. With this being said, if your employees find out or assume that you are not paying them exactly what they earned, it can create certain problems for you. Let’s say that an employer is not committing fraud on purpose but there is some mistake in his payroll system and he is deducting 1% extra tax from salaries of the employees. If employees report this error to the taxation department, the employer can face a huge lawsuit against.

From Employer’s Point of View:

If you ask business owners why they started their business or what the core purpose of their company is, the most common answer is; to make money. There are some non-for profit organizations but money is still the most important aspect and element of running a company. Being the owner of a business, you can’t just let the employees take more than what you owe them for their services. A solid payroll system ensures that employees are paid what they earned. First of all, this system calculates the total hours of work for each employee and then there are the added bonuses or deductions for tax purposes and other benefits i.e. healthcare and social security and retirement fund. A proper payroll system ensures that employers calculate earning or income of each employee without any error and deductions are made before salary is transferred to their accounts.

From Tax Department’s Point of View:

Because most of the employers transfer salaries of their employees directly into their bank accounts, the whole process makes it easy for the taxation department to check and verify how much tax is owed by each individual. This way the employer is allowed by the taxation department to deduct payable tax from salaries of the employees and transfer the amount to the relevant department. Payroll sheet is the most important document here because it allows the tax department to check and verify how much income each employee got for the previous month and how much tax he needs to pay on it.

payroll template 26

Here is download link for this Payroll Template 26 in MS Excel format,

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payroll template 27

Download link for this payroll template 27 is bellow,

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payroll template 28

Here is download link for this Payroll Template 28 in MS Word Format,

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payroll template 29

Here is download link for this Payroll Template 29 in MS Word Format,

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payroll template 30

Click on the button bellow to start downloading this Payroll Template 30,

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payroll template 31

Download link for this Payroll Template 31 is bellow,

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payroll template 32

Here is download link for this payroll template 32 in MS Word Format,

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payroll template 33

Download link for this payroll template 33 is bellow,

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payroll template 34

Here is download link for this Payroll Template 34 in MS Excel Format,

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payroll template 35

Download link for this payroll template 35 in MS Word format is bellow,

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payroll template 36

Here is download link for this Payroll Template 36 in MS Word Format,

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payroll template 37

Download link for this payroll template 37 in MS Word Format,

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payroll template 38

Click on the download button bellow to start downloading this payroll template 38,

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payroll template 39

Here is download link for this payroll template 39 in PDF Format,

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payroll template 40

Here is download link for this payroll template 40,

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payroll template 41

Download link for this payroll template 41 is bellow,

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