In this section you define the distribution / split of salary to different earnings and deductions. Before updating this section for, make sure you have completed following tasks in the “Professional” section of the employee master:
- CTC has been defined for the employee
- Salary component has been assigned to the employee
Complete following details as part of your monthly pay run:
- Variable Pay:If you are paying variable pay to your employee, then add value here.
- Loss of Pay Days:This is auto calculated based on attendance and leaves. But admin can overwrite this any time before generating payslip.
- OT Hours/Days:If Employee has Salary Component of “OverTime” type, then this text box will show. This will show the value auto calculated on the basis of attendance.
- Overwrite Tax:This is a special option, If admin wants nil tax for the employee or wants to set a max amount of tax, then fill the tax amount 0.00 or maximum tax value here.
“Calculate” and “Create Payslip” buttons
Once you have entered the required values here and want to the check the results, press button “Calculate”. Validate the numbers and if you are happy, press button “Generate Payslip” to save the values.
