PayLaws
Company loan
Money your employer lends you and takes back from each payday until it's paid.
Most useful for: Fresh grad, Career shifter
- In real life
- A loan paid back at a fixed amount each kinsenas shows on your payslip until the balance is zero.
- Why it matters to you
- It needs your written agreement, and paying back a loan doesn't lower your tax.
An explanation to help you read your pay, not a ruling on your case. Your employer, the agency or DOLE has the final word.