Occasional Payment

It simply means that instead of the regular payment on a monthly basis, the amount which is paid occasionally and it is a taxable income.
Ex: Bonus, Incentives, Arrears etc.,

User will have the option to select either monthly payment or occasional payment under special pays screen as mentioned below.

Payroll>>Masters>>Special Pays select the occasional payment radio button.

If the employee is paid a Bonus amount every year or a performance bonus, that component is to be defined in special pays as it will be calculated to that particular month payroll.

Once the special pay is defined, the component will be appeared under Etds fields column at TDS settings under system parameters.

User has to map the defined taxable component against the payroll components to properly get TDS calculations and display the component wise amount calculated in Tax computation sheet.

Ex: For an employee who is getting the holiday comp off which is a special pay from his income, is shown the holiday comp off in the month of july, aug, sep, oct with different amounts. The total amount is calculated for Taxable income which is displayed in the tax computation sheet as mentioned below.

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TDS details in Payslip

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