Available for plans : Foundation, Growth, Strength.
Salary structures are critical in defining what components constitute an employee’s salary. The salary structure also defines the value of each component included in the structure. Salary structures also play a key role in saving tax. A well-designed salary structure will reduce the tax burden and optimize the in-hand salary that the employee receives each month.
Keka comes with some pre-defined salary structures that are range based which optimizes the monthly salary to ensure that the tax burden is limited, and all the statutory deductions are taken care of. Keka also allows you to configure your own custom salary structures that you can assign to employees. You can also set up salary structures for the daily wage employees.
Let us look at the various salary structures defined in Keka and learn how you can create new salary structures and edit existing ones to tailor them to your organization's needs.
There are 3 salary structure types to discuss here.
We will look at creating, editing, and deleting each of these three types of salary structures.
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To edit or update the various salary structures configured for a pay group, navigate to Payroll from the left pane and select the Settings tab.
Here, on the Pay Groups tab, find the right pay group you want to configure the salary structures for and click on the Configure icon.
