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INDIRECT EVALUATION MODULES


1. TARIF

     A: If we link wage type to TARIF A, system will pick the amount from t510 table

     B: Valuation Depends on Wagetype

     C: Valuation Depends on PSG & Wagetype

     D: Valuation does not depends on PSG

  1. 2. PRZNT

Percentage Valuation: If we link wage type to PRZNT B system will pick % from table T539J

  1. 3. SUMME: Total valuation

4) Inval:

Variant ‘A’: Indicates a fixed amount.

Variant ‘B’: Indicates the sum of percentages of various wage types plus a fixed amount.

Variant ‘C’: Indicates the sum of percentages of various wage types subject to maximum amount.

Variant ‘D’: Indicates the basic salary slab based amount.

House rent allowance is a component paid on a monthly basis to provide for the house rent paid by the employee. This is a non-statutory allowance whose eligibility amount is based on the Pay scale grouping for allowances that the employee belongs to.

Tax exemption on the HRA amount is based on the actual rent paid and is subject to the location being a metropolitan or non- metropolitan city

.The company car could be provided for employee’s use with or without the provision to transfer the ownership of the car to the employee at the end of a specified period.

The benefit of a Company provided car is provided to employees for official use. Company cars are also provided for the personal use of the employee where a perquisite value is attached to the use of the car based on the horsepower of the car and the extent of benefit provided to the employee. If the employee is provided with a driver for a car an additional perquisite value is added for the driver. The perquisite values attached are fully taxable and added to the gross salary.

The allowance or reimbursements for conveyance is a separate amount given to all employees to commute to office but the eligibility for the allowance varies if the employee uses a company provided car.

To set up this component, you:

  1. 1. Define the eligibility criteria for a Company owned car and Own your car

Important configuration that have to maintain for INVAL (for India Payroll)

The below given tables should be maintained for INVAL (A, B, C, D)

T511-Wage type Characteristics

T510-Maintain PSG and Levels

T539J- Maintain Valuation Base Wage Types

T7INA9- Calculate Eligibility for RAP

T7INA7- Maintain Allowance Rules Based on Slabs

T7INB1- Basic Wage Type in Allowance Grouping

Please see the details given below

INVAL   A

     It is for fixed amount, No percentage calculation

               

     It picking value from T510

INVAL   B

     

The values will be a certain percentage + Constant value or only percentage

     It will pick percentage from T539J

          

     It picking Constant Value from T7INA9

INVAL   C

It will give you a value. By comparing the percentage amount from T539J and the constant value from T7INA9 whichever is less the value will pick

        It will pick percentage from T539J

          

     It picking Constant Value from T7INA9 for checking the limit

INVAL   D (B)

It will add the percentage amount with a constant on condition basis

       It will pick percentage from T539J

       It will check for the condition from T7INA7

For INVAL D you have to check whether you maintain the table T7INB1

INVAL   D (A)

It is not in use, you can maintain INVAL D (B) with a 0% multiplier Instead of using INVAL D (A)

INVAL   D (C)

It will take the percentage amount and compare with a constant amount With respect to some conditions

Whichever is less that amount will take

       It will pick percentage from T539J

       It will check for the condition from T7INA7

For INVAL D you have to check whether you maintain the table T7INB1

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