Payroll Settings

1. Salary Components:

   • Create Salary Components: Define various elements of the salary such as basic pay, allowances (housing, transport), bonuses, and deductions (taxes, benefits contributions).

   • Configuration: Customize each component with specific calculation rules and percentages as needed.

2. Salary Groups:

   • Create Salary Groups: Group employees with similar salary structures together for easier management.

   • Assign Components: Assign salary components created above to each group to streamline the payroll process.

3. Salary TDS (Tax Deducted at Source):

   • Set Up TDS: Define the tax deduction rules as per local tax laws.

   • Configuration: Input the necessary percentages and thresholds to ensure accurate tax calculations.

4. Overtime:

   • Configure Overtime Rules: Set the criteria for overtime, including rates for different types of overtime (e.g., regular, double).

   • Automatic Calculation: Ensure the system calculates overtime based on these rules and integrates it into the payroll.

5. Undertime:

   • Set Up Undertime Rules: Define policies for undertime, where employees work less than their required hours.

   • Deductions: Configure how undertime affects salary, including any deductions or penalties.

6. Payment Method Settings:

   • Define Payment Methods: Specify the methods available for salary disbursement such as bank transfers, checks, or digital payments.

   • Configuration: Set up the necessary details for each payment method to facilitate smooth transactions.

7. Advance Salary Percentage:

   • Set Advance Salary %: Determine the maximum percentage of salary that employees can request as an advance.

   • Mobile Application Integration: Employees can request an advance salary through the Digital HR mobile app based on this predefined percentage.