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author's profile photo Former Member
Former Member

Bonus payment issue

Hi All,

If I need to pay 200$ bonus to employee and 200$ should be net pay (I want gross pay to be increased so that it should be taxed).

how can we have the gross pay to be increased.....is there any option in off cycle or is there any way that we can do it.

Thanks

Gopi

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3 Answers

  • Posted on Sep 11, 2009 at 02:59 PM

    Check the cummulation class 10 ad the bonus payment wage type to net total

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  • author's profile photo Former Member
    Former Member
    Posted on Sep 11, 2009 at 04:27 PM

    I need to set up Gross Ups,in order to make it work.....How can I set up gross ups

    Thanks in advance

    Gopi

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  • author's profile photo Former Member
    Former Member
    Posted on Sep 25, 2013 at 09:43 AM

    Hi Gopi,

    Depending on whether the Bonus amount is taxable, pensionable etc. you need to pick the correct GNA type (01, 02 or create a customized one) in V_T541A.

    Then enter the Bonus wagetype in V_T541N and select the appropriate "Type of GNA" (discussed above). The "Special Routine" field indicates the deductions that the particular wage type is grossed up for (eg. "TP" would mean Tax+Pension).

    "End of iteration" section will help you decide on the level of accuracy (i.e.rounding off depending on the business policies).

    "Assigned wagetypes" section helps you assign the final Free of Tax Net Bonus amount ($200) to a wagetype and the Grossed up Deductions for that to another wagetype.

    Regards,

    PM

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