Creation of a PCR for calculation of LTA

[Former Member]

Hi Experts,

I have an India Payroll requirement where i need to write a PCR with the below conditions:

1)      The Employees would be eligible for the LTA from the very first month of their Service as per below conditions:

a)      All active employees in a given month are eligible for LTA for that given month.

b)      All employees joining the Organization on or before 15^th of the month are eligible for LTA of that particular month.

c)      All employees leaving the Organization on or after 15^th of a particular month are eligible for LTA of that particular month.

2)      Calculation:

Latest Basic Salary in the month of March *No of months worked in a particular financial year(step2)*LTA Percentage

For this i would need a wage type which i can use as a counter for the entire financial year.So what model wage types i can use to create a counter wage type which would get stored in CRT and can be used as a factor at the end of the financial year to calculate LTA.

Thanks & Regards,

Punam Jha

[dsharmak]

Hello Punam,

Please go through the documentation of payroll function INLTA in your system and then create your schema.

Best Regards,
Deepak..

[Former Member]

Hi Deepak,

Thanks a lot.I have already created a PCR.

Thanks & Regards,

Punam Jha

[Former Member]

Pls close the thread...

Regards

Sushilkumar.M