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Valuation Method for Indian Payroll

Hi,

Can any one let me know the valuation method available in Indian Payroll.

As per my knowledge is concern I Know there are 4 valuations methods are there.

Can any one just provide me with name's of four valuation method.

Thanks in Advance

Irfan Hussain

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    author's profile photo Former Member
    Former Member
    Posted on Nov 21, 2007 at 03:53 AM

    Hi,

    Ans is INVAL.(Indirect Valuation)

    In indirect valuation method there are different variants of INVAL namely

    A, B, C, D.

    Have a look at this link as well

    http://www.brookshireconsulting.com/technical_valuation.html

    Regards,

    Manoj.

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  • author's profile photo Former Member
    Former Member
    Posted on Nov 21, 2007 at 05:18 AM

    HAi..

    INVAL - Indirect Evaluation Module Variant for India

    There are four module variants for INVAL:

    1. A - This calculates the value of the wage type as a fixed amount.

    2. B - This calculates the amount as a percentage of a base wage type added to a fixed amount. More than one such amount, with same or different percentage of the base wage type, can be calculated for an INVAL wage type. In this case, the amount that will be Indirectly Evaluated will be the sum of all such calculated amounts, added to a fixed amount. For example, for the wage type M230, the different INVAL B amounts are

    a) 10% of MB10

    b) 30% of M220

    c) Fixed amount of Rs.1000

    In this case, the INVAL amount for the wage type M230 will be the sum of a, b and c.

    3. C - This calculates the amount as a percentage of a base wage type subject to a maximum limit. More than one such amount, with same or different percentage of the base wage type, can be calculated for an INVAL wage type. In this case, the amount that will be Indirectly Evaluated will be the sum of all such calculated amounts, subject to a maximum limit. For example, for the wage type M230, the different INVAL C amounts are

    a) 10% of MB10

    b) 30% of M220

    c) Limit of Rs.5000

    In this case, the INVAL amount for the wage type M230 will be the sum of a and b subject to a maximum of c.

    4. D - This calculates the amount as one or any combination of the following INVAL Module variants based on Basic salary slabs:

    a) Fixed amount

    b) Percentage of a base wage type added to a fixed amount

    c) Percentage of a base wage type subject to a maximum limit

    In the SAP system, INVAL D can be configured as only INVAL B or C. Once the percentage of the base wage type is calculated, the result is multiplied with a factor. This resultant amount is then added to fixed amount or is compared with a maximum limit. For example, the INVAL module variant for the wage type M210, for an employee who falls in the Basic Salary slab of Rs.10,000 - 12,000, is INVAL C. The INVAL amounts are:

    a) 10% of MB10

    b) 30% of M220

    c) Multiplication factor of 50%

    d) Limit of Rs.7000

    In this case, the INVAL amount for M210 for the employee is the sum of a and b, multiplied by c and the result is subject to a maximum of d.

    If you want to configure the wage type as a fixed amount for a particular slab, the wage type is configured as INVAL B. In this case, the percentage of the base wage type is multiplied with the factor of 0% and then the fixed amount added to the result. For example, the INVAL module variant for the wage type M230, for an employee who falls in the Basic Salary slab of Rs.15,000 - 25,000, is INVAL B. The INVAL amounts are:

    a) 100% of MB10

    b) Multiplication factor of 0%

    c) Fixed amount of Rs.5000

    In this case, the INVAL amount for M230 for the employee is the value of a, multiplied by b and the result added to c. In this case, the INVAL amount will be the fixed amount of Rs.5000.

    From IMG doc...

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  • author's profile photo Former Member
    Former Member
    Posted on Dec 07, 2005 at 01:53 PM
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  • author's profile photo Former Member
    Former Member
    Posted on Nov 20, 2007 at 09:01 PM

    Valuation method for indian payroll is INVAL

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