Salary Templates
Create templates for commonly used salary structures and save time and effort. Instead of manually entering the salary details for employees having the same salary structure, you can create a common salary template and assign them to employees. For instance, you can create a template for all freshers and easily assign it to them when you add them to your employee list.
Creating Salary Templates
To create a salary template,
- Go to Settings > Salary Templates.
- Click Create New.
- Enter a Template Name and Description.
- Enter the Cost to Company (CTC) for this template.
- Add earnings, deductions and reimbursements to the template by clicking the + icon next to the respective component.
- Enter the percentage/amount for each component.
- Click Save.
You can now associate templates to employee when you add them from the Employee module.
Note: Salary templates control the structure and amounts of components. Whether an earning counts toward Wages (for PF, ESI, and related statutory calculations) is set on the earning itself under Salary Components, using How should this earning be treated for Wages calculations?