Create Children Education Allowance
Here's an example to create a children education allowance element using the element template for India.
Use the Elements task in the Payroll section of My Client Groups to create the element and the eligibility record.
To create a children education allowance element:
|
Field |
Value |
|---|---|
|
Legislative Data Group |
Select an appropriate LDG |
|
Primary Classification |
Allowance |
|
Secondary Classification |
– |
|
Category |
Standard |
|
Field |
Value |
|---|---|
|
Name |
Enter a name, example: Children Education Allowance1 |
|
Reporting Name |
Enter the name that you want to display on reports for this deduction payroll element |
|
Effective Date |
Enter an early date so that the payroll element is available for use immediately |
|
Input Currency |
Indian Rupee |
|
Should every person eligible for the element automatically receive it? |
No |
|
What is the earliest entry date for this element? |
First Standard Earning Date |
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What is the latest entry date for this element? |
Last Standard Earning Date An element's latest entry date decides how element entries process after a person leaves from organization or transfers to another payroll. This is before a pay period end date. If you select this date, then you need to enable proration, so the calculation will be correct if a person leaves. |
|
At which employment level should this element be attached? |
Assignment Note:
Assignments are associated with jurisdictions, which determine the required tax calculations |
| Does the element recur each payroll period, or does it require explicit entry? | Select Recurring or Nonrecurring |
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Process the element only once in each payroll period? |
Yes |
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Can a person have more than one entry of the element in a payroll period? |
No |
|
Process and pay element separately with other earnings element? |
Select one of the options:
|
|
Field |
Value |
|---|---|
|
What is the calculation rule? |
Flat amount |
| What is the default periodocity of this element? | Select an option from the list |
| Periodicity Conversion Rule | Select a conversion rule |
| How do you want the work units to be reported? | Select an option from the list |
| Is this element subject to proration? | Select Yes or No |
| Is this element subject to retroactive changes? | Select Yes or No |
|
Question |
Value |
|---|---|
| Project annual value | Select Yes or No |
| Allowance Type | Select Children Education Allowance from the list |
| Does this element determine the Employee State Insurance eligibility? |
Select Yes or No as required |
|
Does this element contribute to Employee State Insurance computation base salary? |
Select Yes or No |
|
Does this element contribute to Provident Fund computation base salary? |
Select Yes or No |
|
Does this element contribute to Company Accommodation valuation salary? |
Select Yes or No |
Results:
A base element, retroactive element, and results element are created for this allowance. The related formula for the allowance earnings and allowance calculation are created. A projected balance, taxable and non taxable balances, supplemental earnings balance are created for this allowance element. The results element feeds the balances needed for the allowance amount calculation.