To Add/Update Employee Salary Component
There are two ways to add/update the salary component of the employees :
- Through Staff Payroll Module
- Through quick add
- Through Staff Payroll Module.
Go to Staff Payroll-->Settings-->Loan Type on the home page.
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On Settings, select Salary Component (Pay Items).
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Or select Settings on the left navigation bar.
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Then select Salary Component (Pay Items).
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A preview of the Salary Component (Pay Items) menu is shown below.
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You can either add/update the salary components.
To add a new salary component:
Go to Staff Payroll-->ADD Setting(Staff Payroll)-->Add Salary Component (Pay Items).
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Or click on the Add button in the top right corner of the Salary Component (Pay Items) menu.
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In the Salary Component (Pay Items) - Add menu, provide all the mandatory fields.
The various fields include,
- Name - Provide the name of the component.
- Type - Provide the type of the component. There are various types such as Earnings, Deductions, Loan, LOP, Allowances, etc.,
- Sub Type - Provide the sub type of the component. There are various sub types such as Basic, HRA, DA, Withhold, Withhold Release, etc.,
- Print Order Priority - Provide the number in which this component must be prioritized.
- Do Not Consider For Payroll Calculation - Provide Yes if this component should not be considered for payroll calculation. Else select No.
- Round-Off - Provide on what basis the salary must be rounded off(Lower Amount/Upper Amount/Normal Round Off/No Round Off).
- Is TDS Applicable - Provide if TDS is applicable or not. If applicable, select Yes, else select No.
- Remarks - Provide remarks if any.
Click on the Save button to save the changes.
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If you need to add more than one salary component, then click on the Save & Continue button. Now you can add more salary components.
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The code for the component will be generated automatically.
To update the existing salary component:
To update the existing salary component, click on the Search button in the Salary Component (Pay Items) menu.
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Now we can view all the salary components. You can download these details in Excel format or PDF format.
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Select the component that is needed to be updated. Click on the Update action.
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Update the changes and then click on the Update button.
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2. Through quick add
We can also use the Search menu for quick searches.
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Use the keyword "salary component" to find the Salary Component (Pay Items) menu.
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