HI,
Create a Bonus WT .
T-code :pc00_m40_bons
Title
India Specific Bonus Calculations (HINCBON0)
Purpose
This function enables the calculation of employee bonus. This is a non-statutory report, which you can run for the payment of bonus.
Using the report, you can also compute bonus for ex-employees.
Requirements
You must maintain the Organizational Assignment Infotype (0001), Planned Working Time Infotype (0007) and Basic Pay Infotype (0008).
You must maintain the Evaluation Class 10 for all wage types, which constitute in the Monthly Basis Salary for Bonus calculation prior to the Bonus run.
Payment wage type should be eligible for Additional Payments Infotype (0015) or One-Time Payments Off-Cycle Infotype (0267) or both.
Features
This report calculates the bonus payable to an employee and generates a batch session. Running the batch session updates the Additional Payments Infotype (0015) or One-Time Payments Off-Cycle Infotype (0267) or both.
Selection
You can restrict the employees selected to an individual, or a range of:
Personnel number
Personnel area, Subarea
Employee group or subgroup
Payroll area
The bonus calculation can be configured by:
Bonus calculation period
Basis salary for bonus, which can be an Annual Basis Salary, or a Monthly Basis Salary.
Annual Basis Salary - The salary basis for bonus includes the wage types that you have entered in the Wage Type field. The report displays the Wage Type field only when you select the Annual Salary Basis option. Bonus computations are typically performed as per the Payment of Bonus Act (POBA). You however, have the option of also computing bonus in excess of the amount computed using POBA. Also, you can specify a maximum monthly basis amount to be considered while calculating the bonus.
Monthly Basis Salary - The salary basis for bonus includes all the wage types that exist in the Basic Pay Infotype (0008) on the specified Date of Basic salary, and having the Evaluation Class 10, Specification 1.
Factor to calculate Bonus
For Annual Basis Salary computations, you must specify the factor as a percentage, and the report computes the bonus as a percentage of the annual basis.
For Monthly Basis Salary, you must specify the factor as number of months, and the report will compute the bonus in multiples of the monthly basis salary.
The payment information can be configured by:
Wage type for storing the bonus amount in Additional Payments Infotype (0015), One-Time Payments Off-Cycle Infotype (0267) or both, depending on the type of payroll run. You can select the wage type in the Wage type for IT0015/IT0267 field.
Reason for bonus
Bonus period and the type of payroll run, as the bonus can be paid using both regular payroll or offcycle payroll runs
If the bonus is paid according to the Bonus Act, select the As per Payment of Bonus Act field. While computing the bonus as per POBA, the report checks the eligibility of the employee towards a bonus, on a monthly basis. Eligibility check is done on the nominal salary, represented by the Nom.ExGrat Base Lo limit Wage Type (/120).
If you want to pay an amount exceeding the POBA amount, select the wage type in the Wage type for amt exceeding POBA amount field.
The report in parallel computes the bonus amount as per the POBA, and the bonus amount that is not as per the POBA. The system pays the difference between the two values using the wage type that you have selected in the Wage type for amt exceeding POBA amount field.
If the employee is not eligible for a bonus as per the POBA, and you still want to pay a bonus to the employee, you can enter an amount in the Maximum monthly basis limit field. Any value that you enter in this field overrides the salary basis for determining employee bonus.
If you want to pay an interim bonus to the employees, select the Interim/Final Bonus field.
For example, your company decides to pay an interim bonus in August, for the period between April and March. In this case the report will project the salary of August till March, and pay the bonus accordingly. If your company decides to pay a second interim bonus in October, the projection for the second interim bonus will be based on the October salary, and the system will deduct the first interim bonus from the present bonus.
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