In this article, we will go through how to create custom deductions and review
Instructions to make actions on creating custom deductions and review
Here is a step-by-step guide
Step 1: Create Deductions
Step 2: Update/Revised Salary
Step 3: Run payroll and review deductions
Step 1:- Create Deductions
Create New Pre-tax Deduction by clicking Actions
Fill in the necessary details and click on Create
Create New Post-tax Deduction by clicking Actions
Note: The standard payroll deductions such as Professional Tax, Provident Fund, Professional Tax, and TDS get auto-calculated when you run payroll and don't need to be defined separately here.
Step 2: Update/Revise Salary
Visit the People column in the left navigation
Click on the name of the employee you want to update the salary
Click on the Salary tab on the top
Click on Update Salary/Revise Salary
Update CTC and click the Next tab
Click on Add Custom Deductions Component dropdown
Click on Loan Post-tax
Add Annual figure in the popup
Click on Add Custom Deductions Component dropdown to add various different components
You can add other custom deductions components such as insurance, pre-tax
Note: The amount should not exceed over CTC and at least one amount should be filled mandatorily
Click Next
Click on Submit after reviewing the page
Step 3:- Run payroll and review deductions
Click on Run
Click i icon to get details of the employees
You can review the information in detail
Check Calculated Detailed Monthly Salary
Check Calculated Net Salary
