Processing gratuity payout
-
Select , and open the resource.
-
On the Payroll tab, click Create.
-
In the Other section, specify this information:
- Payroll Hold Flag
- Select Full And Final.
- Termination Reason
- Select the reason for termination.
- Gratuity Wage
- Specify the gratuity wage amount. User these formulas to
calculate it:
- If Gratuity Act Registered in Organization setup is enabled,
and Employee is piece-rated, specify the average wage over
the last three months in the Gratuity Wage field. Use this calculation:
Gratuity Wage = (Basic Pay) + Dearness
Allowance) x Multiplying Factor x Years of
Service
- If Gratuity Act Registered in Organization setup is
disabled, specify the average wage salary (sum of basic pay
and dearness allowance; may include commission) for the last
ten months in the Gratuity
Wage field. Use this calculation:
Gratuity Wage = (Basic Pay) + Dearness
Allowance) x Multiplying Factor x Years of
Service
-
Select .
-
On the Draft tab,
click Create.
-
Specify this information:
- Employment ID
- Specify the resource's employment ID.
- Date
- Specify the time entry date that must be within the time entry
begin and end date.
- Pay Code
- Select the gratuity pay code.
-
Click Save.