Centra HCM

Reimbursement claims are withhold in payroll and are paid on submission of bills and are part of CTC. Claims can be made monthly, quarterly, half yearly and annually based on the company’s policy. Reimbursement claims are paid for personal claims. Ex: LTA, Medical Allowance Follow the steps to define the reimbursement claim master and reimbursement claim screen. 1. Create reimbursement claim master as shown below. HR forms>>Masters>>Reimbursement claims For every type of reimbursement, monthly input to be mapped so as to get the claim amount against the monthly input component. In the above screen, accommodation is the reimbursement which is mapped to monthly input of M_Spl pay1. 2. Once master is defined, employee can claim for reimbursement amount. Now enter the value that is spent for accommodation. HR forms>>Reimbursement claim On saving the above document, the amount will be mapped to the monthly input variable. Once post full attendance is saved, the amount will...

Based on the employee experience, gratuity amount will be calculated as per the defined experience slab. Ex: Lets say employee service period from 05-05-2015 to 12-11-2018, total days is 1287 = 3.5 yrs Assume LOP days 200, so 1288-200= 1088 = 2.98 yrs. Assume his 30days salary is 23000. after lop days his experience is 2.98 falls under 3rd slab, for 21days salary. =23000*21/30=16100. Gratuity = 16100*2.97=47947 this employee falls under 4th slab so 50% of the gratuity amount will be given. As per the slabs, for after experience calculation criteria, gratuity amount is 47947. if payment based on experience slab is selected, as per the experience the final gratuity amount will be 47947*50% = 23973/-

For calculating gratuity, few companies will deduct the LOP days from their total years of experience and the remaining days will be considered to calculate the gratuity. We have the options available to deduct the lops days or consider the total days. Refer below screen: None: Total experience is considered for gratuity calculation irrespective of LOP days After Experience Calculation: Experience is calculated after deducting LOP days from the service. That experience will be considered for gratuity calculation as per the slabs defined. Ex: Lets say employee service period from 05-05-2015 to 12-11-2018, total days is 1288 = 3.5 yrs Assume LOP days 200, so 1288-200= 1088 = 2.98 yrs. Refer below slab: Assume his 30days salary is 23000. after lop days his experience is 2.98 falls under 3rd slab, for 21days salary. =23000*21/30=16100. Gratuity = 16100*2.98= 47991/- Before Experience Calculation: Including LOP days, Experience is calculated for gratuity calculation as per the slabs defi...

Gratuity is a benefit received by an employee for services rendered to an organization. It is applicable to the employees as per the labour law. The formula given in the above screen is basic input. If leap year to be considered, select the corresponding check box, otherwise by default 365 days will be considered per year. Set the rules accordingly. If no conditions are required, select No condition checkbox. Define the condition under If condition tab based on the employee master tags. In the below example, condition is defined for employee status equal to resignation / termination. User can add any no. of conditions by selecting “Add else if” option. Slab details Lets say the slab is defined as above, For less than 1yr of experience, no gratuity will be calculated. For emp with 8.2 yrs experience, lets calculate the gratuity. For 5yrs 15days salary Assume emp salary as 45000 for 30 days. So for 5yrs, 15days salary = 15*45000/30 = 22500 So for 5yrs, 22500*5 = 112500 Remaining ie, 8.2-...