Salary Types

To create a new salary type in the employee payroll module, follow the steps below:

Name:- Enter a descriptive name for the salary type. This should clearly indicate what the type represents, such as "Base Salary" or "Overtime Pay."

Ledger Code:- Assign a unique code to the salary type

Variable:- Determine whether the salary type is fixed or variable by enabling the corresponding switch.

Deduction:- By default, salary types are considered additions to an employee's total pay. However, if the salary type should be treated as a deduction, enable the switch. This is applicable when deducting amounts from an employee's salary, such as for taxes.

Calculation Script:- This field is only available if the salary type is variable. Here, you can define a script or formula that determines how the variable salary type is calculated.Ensure that the script is accurately written to achieve the desired calculation.

These instructions provide a step-by-step guide for creating and configuring salary types in the employee payroll module. Following these guidelines will help ensure proper documentation and accurate processing of employee salaries.

If you need to edit or delete the salary type; click on the corresponding row or edit icon.

In this screen while clicking on the edit button we can edit the salary type, and while clicking on the delete button you can also delete the salary type.