LinesPay FAQ :: Set Up Payscale

How to set up Pay scale?

Overview:

Zyx Ltd company payroll structure is given below.

Basic is 55% of Gross, H.R. 35% of Gross, Medical Allowance 10% of Gross, Transport 20%of basic, Mobile Bill 1000 tk, 1day of basic deduction from each 3 late attendance. Total working day in month is 20 days.

Process:

Payroll Item is the basic building block of Payroll Structure. There are 3 types of payroll Item in our System.

Income

Addition

Deduction

Payroll  A/C Type	Calculation Type	Payroll Item	Amount
Income	Percentage	Basic	55
Income	Percentage	House Rent	35
Income	Percentage	Medical  Allowance	10
Addition	Percentage	Transport Allowance	20
Deduction	Percentage	Late Attendance	???

General Way
1 day basic salary=12000 * (1/20)   = 12000 * .05 = 60
                                                                              
late 9 days so: 600*3=1800.
In our software:
Select “percent” from “calculation”. Then enter the value 0.05.
Then click on “is rate”. Select from multiply with “Late absence”.

Now go to Settings->Payroll ->New Payroll Item. Enter Payroll Item name ‘Basic’ & A/C type ‘Income’. Select calculation type ‘Percentage’ & set value 55.Following this you can create payroll item.

Now go to Settings ->Payroll ->New Pay scale. Enter pay scale name & select which payroll items is include in pay scale & click to save.