Define salary basis - Simple components based on business rule
Summary:
Dear Experts,
We have a business case where we need to control the amount of salary components based on different business rules.
Content (please ensure you mask any confidential information):
Plan Name | Components | |
|---|---|---|
Regular Salary Plan | GROSS | 10000 |
| Basic | 5000 |
| House Rent Allowance (HRA) | 3000 |
| Cost of Living Allowance (COLA) | 1500 |
| Car Allowances | 500 |
| Fixed Commission | 0 |
| Fuel Allowances | 0 |
| Other Allowances | 0 |
Each of these component values needs to be calculated by a business rule. User enters gross salary rest amount system should calculate based on defined rule. eg. HRA Applicable for people who are not using company accommodation and amount varies based on grade. Similarly, car allowances vary based on grade and as a benefit if employees are using company transportation or not.