Table of Contents
Salary details refer to the employee’s entire salary components and the amount by each.
As per the employee CTC, you can structure & select the components.
Cost To the Company (CTC) refers to the gross salary before income tax and other deductions in a financial year. The CTC is divided into each component as per the percentage method or fixed amount except the fixed allowance. Fixed allowance is auto-populated after the adjustments with the remaining positive figures.
You can configure the salary detail in two ways
Salary templates are available with the pre-configured salary details, which is handy while configuring the salary details. You can create the salary templates under Settings> Payroll settings> General settings> salary templates.
Note: If you wish to change the CTC and the other components of the selected salary templates, it is possible in this option as well.
If you wish to create the salary details without using the salary templates, you can do so by following the steps.
Note: If the employer’s contribution of EPF and ESI is included in CTC, it will be auto-calculated as soon as you save the salary detail.
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