Salary Payout
Thu Oct 05 2023 11:07:16 GMT+0000 (Coordinated Universal Time)
Saved by @Taimoor
Salary Payout: Payroll: ___________________________________________________________________ 1- Salary Component | 1- Salary Structure Assignment | 2- Salary Structure | 2- Salary Slip | 3- Income Tax Slab | 3- Payroll Entry | 4- Payroll Period | | ___________________________|____________________________________|__ ___________________________|____________________________________|__ 1-Salary Components: //Chart of Account// =>Earning Components: ____________________ 1- Basic Pay ---> //Salary Expenses 2- Dearness Allowance ---> //Monthly Allowance 3- Other Allowance ---> //Other Allowance 4- Bonus ---> //Bonus 5- Leave Encashment ---> //Leave Encashment 6- OverTime ---> //Over Time //it Auto Add from Project, Timesheet// 7- House Rent Allowance ---> //House Rent Allowance 8- Medical Allownance ---> //Medical Allownance 9- Conveyance Allowances ---> //Conveyance Allowances ------------------------------------------------------------ =>Deduction Components: 1- EOBI Payable ---> //EOBI Payable 2- Tax Payable ---> //Employee Tax Deducted U/S 149 3- Absent Deduction ---> //Salary Expenses 4- Advance Deduction ---> //Employee Advances 5- Loan Deduction ---> //Employee Advances 6- Other Deduction ---> //Other Account _______________________________________________________ _______________________________________________________ _____+________Chart of Accounts________+_ --TYPE-- | Salary Expenses | //Expenses | Dearness Allowance | //Expenses | Other Allowance | //Expenses | Bonus | //Expenses | Leave Encashment | //Expenses | Over Time | //Expenses | House Rent Allowance | //Expenses | Medical Allownance | //Expenses | Conveyance Allowances | //Expenses | Employee Advances | //Current Asset | Employee Tax Deducted U/S 149 | //Current Liability | EOBI Payable | //Current Liability | Salary Payable | //Current Liability ____+________________________________+______________________ ________________________ |2- Salary Structure: | |======================| =>Earning Components:__________________________________ 1- Basic Pay ---> // base ---> In Salary Structure Assignment. // ctc ---> in Empolyee //OR Enter Direct Amount. 2- Dearness Allowance ---> //Amount: empty //Formula: absent_days <= 0 //Condition: 1000 --OR-- //Amount: 1000 //Formula: absent_days > = 1 //Condition: 0 3- Other Allowance ---> //Amount: //Formula: //Condition: 4- Bonus ---> //Amount: //Formula: //Condition: 5- Leave Encashment ---> //Link with Leave Encashment 6- OverTime ---> //Link with Timesheet// 7- House Rent Allowance ---> //base or ctc * 0.05 (if Fixed then Enter Amount LIKE 1000) 8- Medical Allownance ---> //base or ctc * 0.05 (if Fixed then Enter Amount LIKE 500) 9- Conveyance Allowances ---> //base or ctc * 0.05 (if Fixed then Enter Amount LIKE 1500) _________________________________________________________ =>Deduction Components: 1- EOBI Payable ---> //Amount: 250 //Formula: empty //Condition: employment_type=="Registered" 2- Tax Payable ---> // Link wiht Income Tax Slab 3- Absent Deduction ---> //Amount: Empty //Formula: Empty //Condition: (base/30)*absent_days 4- Advance Deduction ---> // Link with Loan/Lending Module 5- Loan Deduction ---> // Link with Loan/Lending Module 6- Other Deduction ---> // Use for Different purposes like Fine Deduction, etc
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