Payroll and Finance
Salary Setup
Define the salary information used in payroll.
Set up salary structures and assign the right components to each employee before processing payroll. Create Elements first, group them in a Salary template, assign the template with an effective date to each employee, then validate the result in a draft payroll.
Field reference
- Salary template: Name, code, entity, frequency, earnings, deductions, employer contributions, and active status.
- Pay element: Name/code, type, fixed/percentage/formula calculation, value/base, frequency, tax/statutory flags, pro-rata setting, and active status.
- Basic salary: The base amount used in salary calculations.
- Earnings and deductions: Components added to gross pay or withheld from it, with calculation order where shown.
- CTC/gross/net: The offered total cost, earnings before deductions, and payable amount after deductions.
- Effective date: The date from which the structure applies; use a new effective record for revisions.