Payroll

A €3,500 salary does not cost €3,500.

In Cyprus it costs €4,039, across five employer contributions with four different ceilings and one that has no ceiling at all. Getting that wrong is not a rounding error, and it is not something a spreadsheet tells you about.

Cyprus · 2026 €3,500.00
Social Insurance 8.8% €308.00 Capped at €5,551 a month
GeSY healthcare 2.9% €101.50 Capped at €15,000 a month
Redundancy Fund 1.2% €42.00 Capped at €5,551 a month
Social Cohesion 2.0% €70.00 No ceiling — this one runs all the way up
Industrial Training 0.5% €17.50 Capped at €5,551 a month
Actual monthly cost to the employer €4,039.00

Employer side only. The employee’s own Social Insurance, GeSY and income tax come off the other side of the same payslip.

28 statutory components held as data, not written into code
2 years kept side by side, so last year still reconciles
15.4% what a Cyprus employer adds on top of gross
0 code changes when a government moves a rate

Read from the statutory tables in the product on 15 October 2026, for Cyprus and India. A third country is a row in a table, not a release.

Rules are data

The same salary, under last year’s rules.

Cyprus lifted its tax-free band from €19,500 to €22,000 with effect from 1 January 2026. Here is what that did to one person, calculated live in your browser from the same bands the product uses. Nothing was rebuilt to make this happen — the old year is still in the table beside the new one.

Tax free up to €22,000
Income tax a month —
Net pay a month —

 

Worked on a €3,500 monthly salary. Social Insurance and GeSY come off before tax, capped at a fifth of chargeable income — the step most calculators skip.

Three ways a run happens

You do not have to move payroll to move HR.

Most companies already have a payroll arrangement they are not about to tear up for a new HR system. All three of these are real paths through the product, and we would rather tell you which one you are on than sell you the first.

In use

We calculate it

Gross to net from the statutory tables for that country and year, every deduction itemised on the payslip, and an approval step before anything is marked paid.

Four runs have been calculated end to end this way, on our own and our demo accounts. No client is live on it yet.

In use

Your provider calculates it

Keep your accountant or payroll bureau. We record what they produced against the employee, so payslips and history live with everything else, not in an email folder.

Two accounts record an outside provider’s payslips this way today. Both are ours: our own company and a demo tenant.

Built, not yet used

We pay it out

A bank payout file, or RazorpayX for India, driven from an approved run so the amounts that leave the account are the ones that were signed off.

No money has moved through this yet. The code exists and no payout batch has ever been executed. We will say when that changes.

Payroll calculation is part of the Enterprise plan. Recording an external provider’s payslips is not — that comes with the employee record.

Before you ask

The questions a finance lead asks.

Which countries can you actually calculate?

Cyprus and India, from the statutory tables held in the product for 2025 and 2026. Greece is set up for leave and employment rules but deliberately has no tax brackets yet, so we do not calculate Greek payroll and will not pretend to. Anywhere else, we record what your provider produces.

What happens when a government changes a rate mid-year?

A row is added to a table with the year it takes effect. Last year stays where it is, so a payslip from March still reconciles against the rules that were in force in March. No deployment, and nothing retrospectively rewritten.

How do hours get into a run?

From attendance, if you use it. The hours a terminal derived become the days worked on the payslip without anyone retyping them, and loss of pay follows the same records. If you do not use attendance, you enter them.

Can we see the full derivation for one person?

Yes, and it is the thing we would show first on a call: every deduction, the tax band by band, and total employer cost alongside net pay. If a number is wrong you should be able to see which rule produced it.

Who can see salaries?

An administrator, the person themselves, and their own manager only where that manager holds the role that permits it. It is enforced in the database: the salary column has no read permission for an ordinary signed-in user at all, so a screen cannot leak what the database will not hand over.

Bring a real payslip

Bring one month that went wrong.

The most useful half hour is the one where we take a month you already ran, put it through this, and compare line by line. If we disagree with your accountant we would both like to know why before you commit to anything.

What to bring

One payslip you already trustAny month, any country we calculate. We reconcile against it line by line.
Your employer cost questionWhat a hire actually costs you, which is the number the salary never shows.
The country we do not do yetTell us. We would rather scope it honestly than add it to a roadmap slide.