Setting up payslip components is the most important configuration for the pay runs and for your employee’s payslips. This defines the split of salary among various salary payment groups such as, basic pay, house rent allowance etc. and salary deductions such as, provident funds, professional tax etc.
Click on Payslip Component from the left-hand side navigate menu. This will take you to the “Salary Component Groups” screen.
To create a new group that you can click on “New” button. This will take you to the following screen.
Complete the details and press “submit” to save the component. The “Code” should have a unique value for each component. Once saved, this will take you to the following screen.
On creation of new component, the system saves items showing in following screenshot by default. To change salary component or to update the component click on the ling “Show Components”.
