Calculate Monthly Amount and Yearly Amount Based on Annual Compensation

When Compensation Profile is created, Compensation Profile lines are auto created according to the selected salary structure. And Compensation Profile Lines are calculated according to "pay type" and "Calculated by" fields selected into salary components.

Calculations are done for “Monthly Earning”, “Monthly Deduction”, “Annual Earnings” and “Annual Deduction” according to the Annual Compensation.

• Annual Earnings   = Shows the sum of yearly amount of Compensation Profile Line whose type equals to earnings.
• Monthly Earnings  = Shows the sum of monthly amount of Compensation Profile Line whose type equals to earnings.
• Annual Deduction = Shows the sum of yearly amount of Compensation Profile Line whose type equals to earnings.
• Monthly Deduction = Shows the sum of monthly amount of Compensation Profile Line whose type equals to deduction.

Detail Page of Compensation Profile

Compensation Profile Line