Processing gratuity payout
- Select , and open the resource.
- On the Payroll tab, click Create.
- In the Other section, specify this information:
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Payroll Hold Flag
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Select Full And Final.
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Termination Reason
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Select the reason for termination.
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Gratuity Wage
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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:
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Employment ID
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Specify the resource's employment ID.
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Date
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Specify the time entry date that must be within the time entry begin and end date.
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Pay Code
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Select the gratuity pay code.
- Click Save.