PYD Payroll Deduction
To specify payroll deduction information
Code indicating frequency or type of activities or actions being reported
Code specifying whether a deduction should have pre- or post-tax status
Code indicating the type of deduction being reported
A free-form description to clarify the related data elements and their content
PYD05 is used to clarify the deduction type to which the amount specified in PYD01 applies.