Skip to Content
author's profile photo Former Member
Former Member

wage type information very urgent

Hi Gurus,

i am using indian payroll,

can you please explain me why the following wage types used in payroll, because of the following infotypes are coming to the Simulation & startpayroll

wage types are

*/3F7 EDLI contri * 1,00,000

*/3F9 PF adm chrgs * 1,00,000

*/3FB PF Basis for Er Contrib

*/3FE Interest accrued on total

*/404 Mrgnl tax rate with srch.

Please its a very urgent

MHPO

Add a comment
10|10000 characters needed characters exceeded

Related questions

4 Answers

  • Best Answer
    author's profile photo Former Member
    Former Member
    Posted on Dec 20, 2007 at 06:32 AM

    Hi,

    These wagetypes are standard ones and amounts are generated in RT table against these because of the standard configuration that exist. If they are not useful to you, you can maintain the corresonding rate as 0, which will result in a zero amount against that wagetype.

    Reward if helpful.

    Tomesh

    Add a comment
    10|10000 characters needed characters exceeded

  • author's profile photo Former Member
    Former Member
    Posted on Dec 19, 2007 at 01:31 PM

    The F1 help of these wage types are as follows:

    The EDLI contribution * 1,00,000 is a system generated wage type that

    represents the employer contribution towards Employee Deposit Linked

    Insurance scheme at an employee level multiplied by the factor of Rs

    1,00,000.

    The wage type for EDLI contribution is '/3F7'. This is generated during

    execution of the function 'INEPF' that computes the PF and related

    contributions of the employee and employer during the payroll run.

    The value of '/3F7' is based on the eligibility of the trust for EDLI

    contribution and the employer contributions for the month.

    The PF administration charges * 1,00,000 is a system generated wage

    type that represents the employer contribution towards PF administration

    expenses at an employee level multiplied by the factor of Rs 1,00,000.

    The wage type for PF administration charges is '/3F9'. This is

    generated during execution of the function 'INEPF' that computes the PF

    and related contributions of the employee and employer during the

    payroll run.

    The value of '/3F9' is based on the eligibility of the trust for PF

    administration charges and the employer contributions for the month.

    The PF basis for employer contribution is a system generated wage type

    that represents the basis on which the PF contribution on behalf of the

    employer is computed by the payroll program.

    The wage type for PF basis for employer contribution is '/3FB'. This

    is generated during execution of the function 'INEPF' that computes the

    PF and related contributions of the employee and employer during the

    payroll run.

    The value of '/3FB' is based on the eligibility of the employee for PF

    benefit as well as the salary basis value for PF contribution

    computation for each split level.

    Add a comment
    10|10000 characters needed characters exceeded

  • author's profile photo Former Member
    Former Member
    Posted on Dec 20, 2007 at 05:40 AM

    Hai..

    In General...

    • /3** – country-specific, usually for social insurance

    • /4** – country-specific, usually for tax

    Add a comment
    10|10000 characters needed characters exceeded

  • author's profile photo Former Member
    Former Member
    Posted on Dec 21, 2007 at 02:34 AM

    Hi,

    /3F. wage types are used for PF calculations, the wage types specified are used for posting into PF truct account for edli & admin. changes.

    /404 is used for Off-cycle bonus payroll to compute the income tax, if it is based on marginal tax rate.

    /404 can be used in computing one time income tax deduction of irregular payments.

    -

    Add a comment
    10|10000 characters needed characters exceeded

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.