Hello All;
Could anyone guide me with the configuration of Gross Salary?
As to what the are the processing, cumulation and evaluation classes would be required for the respective wage type.
Consider the following example for solving the query:-
Quarters | Basic Pay | Dearness Allowance | HRA | PERKS | Total for 1 month | GROSS |
|---|---|---|---|---|---|---|
Quarter 1 | 48180 | 36087 | 14454 | 17772 | 116493 | 349479 |
Quarter 2 | 48180 | 38014 | 14454 | 17772 | 118420 | 355260 |
Quarter 3 | 48180 | 41194 | 14454 | 17772 | 121600 | 364800 |
Quarter 4 | 48180 | 43603 | 14454 | 17772 | 124009 | 372027 |
TOTAL GROSS | 1441566 |
The wage types used for the above parameters are as follows:-
1BAP- Basic Pay
DA1-Dearness Allowance
1HRA-HRA
1PKN-Perks
On executing the simulation run for the employee with above example, the gross salary comes to around 1397916.
Regards
Chaitanya