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Former Member
Jul 11, 2016 at 09:15 AM

New Wage Type creation


Dear Experts,

We have a requirement to create the New salary component wage type. where the requirement is

Fully taxable of one time tax deduction

wage type amount is based on formula i.e. 20% of average monthly CTC. How we can make the wage type as 20% of average monthly CTC

This wage type should be applicable to particular employee sub groups related to the employee groups. How can we assign this.

ESI, P. Tax Applicable

Non Recurring Component (IT0015)

Kindly help me in reaching of requirement.