It happens. Outside of the routine tax subtraction, there are times when an employee has to pay for a loan by taking it out from his or her payroll. This is actually an immensely resourceful method, but it must be met with equally resourceful deduction forms for its full practicality to be realized.
Standard procedure requires the employee to sign off on the deduction in an authorization form, also called a voluntary payroll deduction form. Here are some practical and easy-to-use form samples and templates that you can download in PDF for free.
(If you are in the HR department, you might want to look at some templates for effective Payroll Forms that do their job.)
Payroll Deduction Authorization Form
Payroll Deduction Remittance Form
Payroll Tax Deduction Form
Employee Payroll Deduction Form
Basic Payroll Deduction Form
This is a versatile and self-explanatory type of form, and is part of standard procedure in most corporations.
An employee may verbally consent or even request a payroll deduction in order to get a loan for other purposes before the next payday. In certain emergencies, HR can easily authorize such deductions. But only when you have a proper deduction form can this be authorized, since the company will want to be protected from future conflicts or misunderstandings on the matter.
Always leave a track record of official actions and financial transactions for legal purposes.
The Basic Payroll Deduction Form and the Blank Payroll Deduction Form might be among the most accessible and fundamental types of ready-to-use printable templates. You can either base a draft from these samples, or print them out for official use.
(On a related note, you might also find Template.net’s collection of Payroll Remittance Forms just as useful in different circumstances.)
Blank Payroll Deduction Form
Loan Payroll Deduction Form
Printable Payroll Deduction Form
Voluntary Payroll Deduction Form
Automatic Payroll Deduction Form in PDF
HR Personnel, Take Note
You might also be interested in the many Employee Payroll Forms we have available.
If you are part of a successful organization, these forms are going to be used more regularly than any other form. It is worth taking the time finding the most usable and practical format for your company’s needs and the convenience of the employees.
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