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Gross Components
Gross Components refer to the total earnings elements that make up an employee’s gross pay, defined using a custom formula. These components will be displayed only in the Salary Details section for each employee. Go to Settings → Payroll → Salary ...
Statutory Components
Tax and Statutory Compliances → Statutory Components The Statutory Components section in payroll is used to define and manage salary components that are mandated by law for compliance with government regulations. These include contributions and ...
Reimbursement Components
Reimbursement components are salary elements provided to employees to reimburse specific expenses incurred during the course of their employment. These are typically non-taxable if supported by valid bills or receipts, as per statutory and ...
Bonus Components
Bonus is a salary component that forms part of the employee’s Cost to Company (CTC). It is included in the overall CTC structure but may be paid annually, half-yearly, or at specific intervals as defined by organizational policy or statutory norms. ...
Salary Info
It provides a detailed breakdown of each employee’s salary structure, including earnings,and Statutory components. This section is essential for accurate payroll processing and transparency.