Enhancement Package 5 New Functionalities For Indian Payroll

Enhancement packages represent a whole new software delivery strategy which allows

customers to modernize and innovate their business processes without needing traditional upgrades. Enhancement packages for ERP include functional enhancements, industry-specific enhancements, UI simplifications, and enterprise service bundles. The primary four generations of enhancement packages for ERP 6.0 have been delivered and effectively adopted already in the market.

Enhancement Package vs Support Packages SAP enhancement packages are optional packages that deliver new or improved business functions that is selectively deployed. Support Packages however, contain corrections like bug fixes and legal or tax changes and are also therefore mandatory. SAP recommends installing enhancement packages when applying a regular support package as being a maintenance activity. This combined approach cuts down on downtime and manual effort for the entire installation procedure but for the testing efforts.

1.Global Employee India

Transfer of employees across different country.

Data (wagetypes) is accepted and received from the Host Country to India payroll.

Determination of resident status and its tax implication

For example, employees of the Indian firm are seconded for a subsidiary company in the us. Employee receives payments (an element of salary and allowances) in India along with USA. Now, the staff member still pays Income Tax in India during his or her overseas assignment. This amount is calculated within the Indian payroll run. But taxable income of the employee have to include payments paid in USA also. Hence these payments are sent in the USA, the sending payroll, to India, the receiving payroll. They're included in employees taxable income in India, and accordingly tax is computed and deducted on the employees remuneration during payroll processing

New two cummulation classes introduced.

3. IT declaration on ESS

Declaration of tax related information

Income from other sources

Section 80C Deductions

Section 80 Deductions

Previous employment Details

HRA/CLA/COA

Approvers can display, change, reject or approve the above mentioned requests.

4. Loans

Slabs and % based Calculation of Loans.

Recovery of Principal Part of Loan first

Repayment reduces the principal

Cumulates Interest amount

Loan record created with 0% interest

Loans > 20,000 INR are to be perked.

5. Housing

Two New Housing Types Remote Housing, and No Housing.

Tax Paid by Employer on Housing Perquisites

6. E- Separation

E-separation is a one stop shop for all Separation related activities in an Organization.

Tool to fasten the separation process of an employee.

Tool to reduce administrative work.

Mandatory HR Process

Legal Process (Absconding cases)

Also Take a look at some of the articles written by experts in the human resource Industry here at our HR services.

by: TPblogger

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