DEDUCTION BASED ON INITIAL ANNUAL SALARY

Hello,

There is a requirement of calculating a Social Insurance deduction based on the initial Annual Salary of each current fiscal year and not to be changed if the employee's salary changes during the fiscal year. More specifically through an example:

 

  The Social Insurance deduction is 10% based on the Annual Salary's rate, calculated and deducted during the monthly payroll

 

The Annual Salary of an employee is 12.000 (i.e let's assume on January)

 

So the January's amounts will be : 1000 (salary) – 100 (deduction 1000*10%) = 900

 

In February, let's assume that the employee has half days absence, so the amounts will be 500(salary)-50(500*10%)= 450

 

If on September his annual salary changes to  13.200 then the amounts need to be the following :