To configure hourly/day-wise salary structure, go to Settings >> Salary components >> click “New”
Create components as below and update Rate/Wages in respective employee master details and in during every month payroll run update Hour/Days in Pay Adjustments stage.
| Component |
Hour/Days |
Rate |
Result Component |
| Name |
Hour/Days |
Rate/Wages |
Basic (As per requirement enter the name) |
| Abbreviation |
HOUR |
RATE |
BASIC |
| Paid Component |
No |
No |
Yes |
| Pay Type |
Earning |
Earning |
Earning |
| Tax Status |
Non Taxable |
Non Taxable |
Taxable |
| Calculation Type |
Flat |
Flat |
Formula |
| Formula |
0 |
0 |
(Hour/Days) * (Rate/Wages) |
| Round off Value |
Nearest to INR 1/- |
Nearest to INR 1/- |
Nearest to INR 1/- |
| Component Type |
Variable |
Fixed |
Fixed |
| Is FBP component |
No |
No |
No |
| Create dependent component |
No |
No |
No |
| Attendance Dependent |
No |
No |
No |
| Part of CTC |
No |
No |
Yes |
| Active |
Yes |
Yes |
Yes |
| FFS component |
No |
No |
No |
| Payable if full month LOP |
No |
No |
No |