Here's a sample data to help you with the configuration of the monthly and annual
flexible benefit plans.
Annual Flexible Benefit Plan
| Component Name |
Payroll Element |
Component Type |
Applies To |
Percentage |
Default Amount |
| Total AGP |
Annual Gross Pay |
Total AGP |
(Not applicable) |
(Not applicable) |
Not applicable |
| Basic Salary |
Basic Salary Annual |
Fixed Percent |
Total AGP |
50 |
– |
| House Rent Allowance |
HRA Annual |
Flexible Percent |
Basic Salary |
40 |
– |
| Leave Travel Allowance |
LTA Annual |
Flexible Amount |
Not applicable |
– |
1000 |
| Daily Allowance |
Daily Allowance Annual |
Flexible Percent |
House Rent Allowance |
20 |
– |
| Special Allowance |
Other Allowance Annual |
Balancing Component |
(Not applicable) |
– |
– |
| Overall Fixed Salary |
– |
Overall Fixed Amount |
(Not applicable) |
– |
– |
| Overall Flexible Salary |
– |
Overall Flexible Amount |
(Not applicable) |
– |
– |
Monthly Flexible Benefit Plan
| Component Name |
Payroll Element |
Component Type |
Applies To |
Percentage |
Default Amount |
| Total AGP |
Monthly Gross Pay |
Total AGP |
(Not applicable) |
(Not applicable) |
(Not applicable) |
| Basic Salary |
Basic Salary |
Fixed Percent |
Monthly Gross Pay |
50 |
– |
| House Rent Allowance |
HRA |
Flexible Percent |
Basic Salary |
40 |
– |
| Daily Allowance |
Daily Allowance |
Flexible Percent |
HRA |
20 |
– |
| Special Allowance |
Other Allowance |
Balancing Component |
(Not applicable) |
– |
– |
| Overall Fixed Salary |
– |
Overall Fixed Amount |
(Not applicable) |
– |
– |
| Overall Flexible Salary |
– |
Overall Flexible Amount |
(Not applicable) |
– |
– |