Introduction:
We want to valuate a wage type named "Holiday Payment - Plant" using the following formula:
(Basic Pay + Dearness Allowance )/30 per day.
Basic pay and Dearness allowances will be maintained in Infotype 0008 (Basic Pay).
Valuation Method:
We can use indirect valuation of wage type using module "UNITS" (Module Variant "B").
This can be created in the configuration view V_T539J (as given below):
In the above configuration, 100/30 = 3.33 (which is entered as Weight column), since we
want to add Basic & Dearness allowance and this total is to be divided by 30 as per our
required formula.
Wage Type Properties of Wage type "9000" defined in Table: V_T511 as given below
(specify the indirect valuation module "UNITS" with variant "B") :
Input Wage types in IT0008 (Basic Pay):
8000 - Basic Pay Value: 16,800 (INR)
8001 - Dearness Allowance Value: 16,884 (INR).
Output:
Output Wage type 9000 (Holiday Payment - Plant) is maintained in IT0015. When we enter the
"Number/Unit" as 15 Days, the output will be as follows:
Calculation:
(Basic Pay + Dearness Allowance)/30 = (16,800 + 16,884)/30
= 33,684/ 30
Per Day Rate = 1122.8
For 15 Days = 1122.8 x 15 = 16,842.00
Disclaimer:
This document is not any kind of reproduction and the example mentioned
here is not a real data. The images used are purely to demonstrate the concept
in a better way to the forum users.
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