Step 1

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

Step 2

Selecting the formula for deducting the salary -

Note:

  • 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)

Step 3

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.

Step 4

Review and Save.

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