Click on Click on Settings > Configuration > Attendance > Deductions Policy > Add New to Setup Policy for Deductions and name the policy under the Policy Name section as shown below
Selecting the formula for deducting the salary -
The rate multiplier will be 1.00 by default
The rate multiplier is an open numeric field with a min value of 0.1 and no max value. Decimals will be rounded off to 2 values.
Salary component will have 2 selections = 'Basic Salary' OR 'Basic Salary + Allowances'
The default 'salary component' selected will be 'Basic Salary + Allowances'
The days calculation will have 3 selections - Actual Calendar Days, Actual Working Days, and Custom Days
By default, the 'days calculation' will be Calendar Days
The formula for Daily Rate = Salary Component (Basic OR Basic + Allowances) / Days (Custom days OR Calendar days OR Working days)
Assign employees to the deductions policy. Click on the employee name on the left-hand side to assign him/her to the policy
Note: At a time, a single employee can be assigned to only one deduction policy. You will see the tag Unavailable besides the employee name if he/she has already been assigned to some other deduction policy as encircled above.
Review and Save.