Example Simple Component Configurations with People Entering Values and Fixed Percentages
Here are two examples of how you can configure simple components for people to enter amounts and percentages to add to the overall salary. You can also include simple components that are fixed percentages and independent of the overall salary.
Example 1
The first example has three simple components that add to an overall salary component. It also has two fixed percentage components that are independent of the overall salary.
| Component | Type | Component Percentage Applies To | Effect on Overall Salary | Default Value | Example |
|---|---|---|---|---|---|
| Basic salary |
User entered amount |
NA | Add | NA | 100,000 |
| Housing | User entered percentage | NA | Add | 50% | 50,000 |
| Flexible benefit plan | User entered amount | NA | Add | NA | 60,000 |
| Annual gross pay | Overall salary | NA | NA | NA | 210,000 |
| Provident fund | Fixed percentage | Basic salary | None | 12% | 12,000 |
| Gratuity | Fixed percentage | Basic salary | None | 4.81% | 4,810 |
Example 2
The second example also has three simple components that add to an overall salary component. And, it has three fixed percentage components that are independent of the overall salary.
| Component | Type | Component Percentage Applies To | Effect on Overall Salary | Default Value | Example |
|---|---|---|---|---|---|
| Basic salary | User entered amount | NA | Add | NA | 100,000 |
| Housing |
User entered percentage |
NA |
Add |
40% | 40,000 |
| Special allowance | User entered amount | NA | Add | NA | 60,000 |
| Annual gross pay | Overall salary | NA | NA | NA | 200,000 |
| Provident fund | Fixed percentage | Basic salary | None | 12% | 12,000 |
| Gratuity | Fixed percentage | Basic salary | None | 4.81% | 4,810 |
| Variable pay | Fixed percentage | Overall salary | None | 20% | 40,000 |