Hello For all…
I have two types of tax: Social Security and Income Tax. If I want to add a bonus to employee salaries, I would like to exclude Social Security from this bonus and deduct only Income Tax. How can I do that…?
Thanks in advance.!
Aren’t bonuses subject to SS? How are you calculating SS? If you want to exclude SS on bonuses, do that in your formula.
@volkswagner In case I want to do that in formula, what I can put to exclude all the bonus…? I mean here is my current formula.
for income tax:(base - 0.05*base - 1000000) * 0.05
for SS:base * 0.05
if I want to exclude any let’s say employee incentive what I have to add to this formula…?
I tried to add the name like the following:
(base - employee_incentive) * 0.05
but that’s didn’t work.
check the abbreviation for Employee incentive salary component
@Maveez
I am using the name exactly as it is in the payroll section.
Error while evaluating the Salary Structure at row 1.
Error: name ‘Employee_Incentive’ is not defined
Hint: This error can be due to missing or deleted field.
Please share salary structure and components screen shot for better understanding
@bandarivijay
here is the component for social security deduction.
then here is the stracture.
as you see here after I created the employee incentive and added a new salary slip the addition salary (employee incentive) came as total so no deduction from it.
@Alexis_Dali first Create a Salary Component Called Employee Incentive and then use the abbr in the formula.
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@bandarivijay
ok no problem but what if I want to add an addition with a different amount…?
do I have to create a component for each time…?
Salary Components are reusable components, When ever you want to make employee incentives need to go to Payroll → Employee Incentive → Salary Component (In your Case Employee Incentive)
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@bandarivijay I tried to create a salary component for this incentive that based on formula -(in my case the addition is 100000 so the I created a salary component with formula 100000*0.05 ((0.05 represent the social security deduction)) then I go to employee incentive and add this new salary component like your picture,
BUT then he asked me to put the incentive a mount…??
in the final calculation the system take the incentive amount into account not the salary component.
I suggest avoiding use of special characters in abbreviations
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