INDIRECT EVALUATION MODULES
1. TARIF
A: If we link wage type to TARIF A, system will pick the amount from t510 table
B: Valuation Depends on Wagetype
C: Valuation Depends on PSG & Wagetype
😧 Valuation does not depends on PSG
- 2. PRZNT
Percentage Valuation: If we link wage type to PRZNT B system will pick % from table T539J
- 3. SUMME: Total valuation
4) Inval:
Variant ‘A’: Indicates a fixed amount.
Variant ‘B’: Indicates the sum of percentages of various wage types plus a fixed amount.
Variant ‘C’: Indicates the sum of percentages of various wage types subject to maximum amount.
Variant 'D': Indicates the basic salary slab based amount.
House rent allowance is a component paid on a monthly basis to provide for the house rent paid by the employee. This is a non-statutory allowance whose eligibility amount is based on the Pay scale grouping for allowances that the employee belongs to.
Tax exemption on the HRA amount is based on the actual rent paid and is subject to the location being a metropolitan or non- metropolitan city
.The company car could be provided for employee's use with or without the provision to transfer the ownership of the car to the employee at the end of a specified period.
The benefit of a Company provided car is provided to employees for official use. Company cars are also provided for the personal use of the employee where a perquisite value is attached to the use of the car based on the horsepower of the car and the extent of benefit provided to the employee. If the employee is provided with a driver for a car an additional perquisite value is added for the driver. The perquisite values attached are fully taxable and added to the gross salary.
The allowance or reimbursements for conveyance is a separate amount given to all employees to commute to office but the eligibility for the allowance varies if the employee uses a company provided car.
To set up this component, you:
- 1. Define the eligibility criteria for a Company owned car and Own your car
Important configuration that have to maintain for INVAL (for India Payroll)
The below given tables should be maintained for INVAL (A, B, C, D)
T511-Wage type Characteristics
T510-Maintain PSG and Levels
T539J- Maintain Valuation Base Wage Types
T7INA9- Calculate Eligibility for RAP
T7INA7- Maintain Allowance Rules Based on Slabs
T7INB1- Basic Wage Type in Allowance Grouping
Please see the details given below
INVAL A
It is for fixed amount, No percentage calculation
It picking value from T510
INVAL B
The values will be a certain percentage + Constant value or only percentage
It will pick percentage from T539J
It picking Constant Value from T7INA9
INVAL C
It will give you a value. By comparing the percentage amount from T539J and the constant value from T7INA9 whichever is less the value will pick
It will pick percentage from T539J
It picking Constant Value from T7INA9 for checking the limit
INVAL D (B)
It will add the percentage amount with a constant on condition basis
It will pick percentage from T539J
It will check for the condition from T7INA7
For INVAL D you have to check whether you maintain the table T7INB1
INVAL D (A)
It is not in use, you can maintain INVAL D (B) with a 0% multiplier Instead of using INVAL D (A)
INVAL D (C)
It will take the percentage amount and compare with a constant amount With respect to some conditions
Whichever is less that amount will take
It will pick percentage from T539J
It will check for the condition from T7INA7
For INVAL D you have to check whether you maintain the table T7INB1
