At GTL meaning payroll refers to Group Term Life insurance benefits that employers may provide as part of an employee benefits package. In payroll, the value of employer-provided coverage above certain limits can become taxable income for the employee. This taxable amount is generally shown on the employee’s paycheck or year-end tax documents, even though the employee may not receive that amount as cash. Understanding GTL meaning payroll helps employees recognize why an additional taxable benefit may appear on their pay statements. Employers and payroll teams typically calculate the applicable imputed income based on coverage amounts, employee age, and relevant tax rules.