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Designation wise Salary Formula
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Designation wise Salary Formula:
This module is to create formulas for salary calculation. For each designation salary
method wise formulas to be defined.
Create Copy : This button is to create a copy of rule for another designation with
predefined clause of selected designation.
Salary Component : Which is in the list where already defined in salary component
module.
Calculation based on number of Days "Present": option is for consider the
present+paid leaves to Component wise salary calculation.
here will get options are changing as per rules defined per salary component.
Example 1:
Bellow example shown Meal allowance is calculated base on 10% of Basic Rate.
Example 2:
Bellow example shown Philhealth is calculated base on 20% of Basic Rate. This
salary code is also consider to be employer contribution. Hence here defined
Employer Contribution is 20% of Basic rate.
