Salary Payout
Thu Oct 05 2023 11:07:16 GMT+0000 (Coordinated Universal Time)
Saved by @Taimoor
Salary Payout: Payroll:
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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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