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Statutory Deductions
Statutory Deductions
Statutory Deductions store employee and employer contribution rules.
Fields
- Name - statutory item name.
- Code - short code.
- Employee Rate, Employer Rate - percentage rates.
- Employee Fixed, Employer Fixed - fixed amounts if required.
- Ceiling Amount, Floor Amount - optional limits.
- Calculation Base - Basic Salary or Gross Salary.
- Employee Account, Employer Account - optional GL accounts.
- Effective From, Effective To - effective dating.
- Inactive - stop future use without deleting history.
Workflow
- Create statutory rows after pay elements and before live payroll.
- Decide whether each item should calculate from Basic or Gross.
Notes
- Ceiling and Floor can remain blank.
- This page is separate from Deduction Codes and from normal pay elements.