The salary components constituting an employee's pay structure are Pay Heads. A pay head may be a benefit or a deduction from the salary. The value of these pay heads could be fixed or variable for each payroll period.
For example, Basic Pay is a fixed pay component, whereas Variable Pay and Bonus are variable components.
A Pay Head Type is categorised as Earnings, Deductions or Reimbursements.
The default pay head types in Tally.ERP 9 are:
● Employees’ Statutory Deductions
● Employer’s Statutory Contributions
● Bonus
● Gratuity
Note: For international customers, Employees' Statutory Deductions, Employer's Statutory Contribution and Employer's other Charges pay head types are not applicable.
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