wage type information very urgent

[Former Member]

Hi Gurus,

i am using indian payroll,

can you please explain me why the following wage types used in payroll, because of the following infotypes are coming to the Simulation & startpayroll

wage types are

*/3F7 EDLI contri * 1,00,000

*/3F9 PF adm chrgs * 1,00,000

*/3FB PF Basis for Er Contrib

*/3FE Interest accrued on total

*/404 Mrgnl tax rate with srch.

Please its a very urgent

MHPO

[Former Member · Accepted solution]

Hi,

These wagetypes are standard ones and amounts are generated in RT table against these because of the standard configuration that exist. If they are not useful to you, you can maintain the corresonding rate as 0, which will result in a zero amount against that wagetype.

Reward if helpful.

Tomesh

[Former Member · Accepted solution]

Dear Tomesh,

Thanks but what about */404 Mrgnl tax rate with srch

Pls advised

MHPO

[Former Member · Accepted solution]

hI,

Same with this also.

Tomesh

[Former Member]

Hi,

/3F. wage types are used for PF calculations, the wage types specified are used for posting into PF truct account for edli & admin. changes.

/404 is used for Off-cycle bonus payroll to compute the income tax, if it is based on marginal tax rate.

/404 can be used in computing one time income tax deduction of irregular payments.

-

[Former Member]

Hai..

In General...

• /3** – country-specific, usually for social insurance

• /4** – country-specific, usually for tax

[Former Member]

The F1 help of these wage types are as follows:

The EDLI contribution * 1,00,000 is a system generated wage type that

represents the employer contribution towards Employee Deposit Linked

Insurance scheme at an employee level multiplied by the factor of Rs

1,00,000.

The wage type for EDLI contribution is '/3F7'. This is generated during

execution of the function 'INEPF' that computes the PF and related

contributions of the employee and employer during the payroll run.

The value of '/3F7' is based on the eligibility of the trust for EDLI

contribution and the employer contributions for the month.

The PF administration charges * 1,00,000 is a system generated wage

type that represents the employer contribution towards PF administration

expenses at an employee level multiplied by the factor of Rs 1,00,000.

The wage type for PF administration charges is '/3F9'. This is

generated during execution of the function 'INEPF' that computes the PF

and related contributions of the employee and employer during the

payroll run.

The value of '/3F9' is based on the eligibility of the trust for PF

administration charges and the employer contributions for the month.

The PF basis for employer contribution is a system generated wage type

that represents the basis on which the PF contribution on behalf of the

employer is computed by the payroll program.

The wage type for PF basis for employer contribution is '/3FB'. This

is generated during execution of the function 'INEPF' that computes the

PF and related contributions of the employee and employer during the

payroll run.

The value of '/3FB' is based on the eligibility of the employee for PF

benefit as well as the salary basis value for PF contribution

computation for each split level.