Super Annuation Perquisite

Super Annuation Perquisite calculation in Webpay

1. Create a paycode by the name Super Annuation with following properties
Part of Gross: No
Part of Tax: No
Present Dependent: No
Calculate at Runtime: Yes
Mapping: Super Annuation
Formula: Yes (as mentioned below)

2. Create a formula for Super Annuation (Basic * 15%)

3. The limit of Super Annuation should be in Company Configuration Table. At present the limit is Rs.1,00,000.

Eg. Basic per month = 100000
Super Annuation = 15% of Basic = 15000
Annual Super Annuation = Rs.1,80,000
Perquisite Value = 180000 - 100000 = 80000

Blog by BBSPL
Webpay

Car Perquisite Method in Webpay

Car Perquisite in Webpay
You can use Import Car Perquisite method. I have attached a word document where it is explained how you enter the car perquisite. The attached sheet has three examples.
Watch the video on how to import

When you enter the car perquisite as explained in the attached document, the taxable value of car perquisite is shown on Pay Slip and Tax Summary (TDS Estimation Slip)