Question : What are the basic differences between all three Salary Group types available in Timelabs Payroll?
Answer : Please see below:
Gross Salary From Components - In this Salary Group, we can keep each component as open. Here, we must enter the salaries for each component in the Employee's Salary Details.
Gross Salary to Components - In this Salary Group, a fix% must be defined for each component. When you enter an employee's gross salary, it will automatically be divided into the components according to the percentage specified in the salary group.
Gross Salary/Open Components - In this salary group, Salary components may either be open or on a percentage basis. Formula can also be applied in this group.