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Label

VSPI Employer \ Employee

VSPI Employer \ Employee

VSPI Employer \ Employee

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Let us say that the premium share is distributed between the employer and employee 50:50.

Settings

 

Set earnings type for payment of employee's premium. The distribution between employee and employer regardless of whether you set that the premium is calculated of gross salary.

Earnings Types

Set two earnings types. That is, one will be used for employer and the other for employee.

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005313.gif

005312.gif

Create and set earnings type to use for deductions from net salary. The latter is calculated according to settings.

Total premium amount for VSPI is displayed in pay slip (for the purpose of forms and calcuting income tax relief). The part which should be paid by the employee will be displayed under deductions.

Salary Calculation

Hence you enter both earnings types in salary calculation. The premium is calculated automatically and then it is distributed among employer and employee according to the settings. Both earnings types are entered automatically for the coming months. Of course only if you marked that that the earnings type from the previous calculation is used.

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Total premium amount is displayed. The part that should be paid by the employee will be displayed under net salary deductions.

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Data in Employee Files

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