India Salary Structure
I am currently working for a Indian client and would like to know how the below data to be displayed/maintained in SAP HCM. Payroll is outsourced, so just want to maintain the below salary structure in SAP
CTC – Rs. 6,00,000
Monthly Gross Salary – Rs. 50,000
Basic – 40% of Basic (Rs. 20,000)
HRA – 50% of Basic (Rs. 10,000)
Conveyance – Rs. 800 fixed
Executive Allowance – Gross Salary – (Basic + HRA + Conveyance + Other Benefits)
Ex: (50,000 – (20,000 + 10,000 + 800 + 1,250 + 200 + 500 + 1,667 + 2,400) = Rs. 13,183
Other Benefits: (will be paid end of year as taxable or non taxable if bills submitted)
Medical – 1250 p.m. fixed
Children Education Allowance – 200 fixed
Vehicle Allowance – 500 fixed
LTA – Monthly Basic / 12 (20,000/12 = Rs. 1,667)
PF – 12% of Monthly Basic (Rs. 2,400)
Gratuity – (Can you please tell how Gratuity is calculated in SAP)
I have gone through the post (http://scn.sap.com/thread/3152822) and have done required steps and displayed Gross Salary, Basic, HRA, Conv., Medical, CEA, Veh. Allowance in IT0008.
But would like to get inputs from experts on below questions
1. What is the best practice in India for displaying above Salary structure in SAP? Is this data displayed in IT0008? What steps needs to be configured to fulfill the same?
2. How LTA configuration is done (Monthly Basic /12)?
Thanks in advance!