How to change the Annual Limit or Section Maximum Limit for a component?

Introduction

The Annual Limit represents the highest earnings allowed for a specific pay component in a year, while the Section Maximum Limit is the maximum percentage of total income that can be allocated to that component. These limits are important for managing company expenses and ensuring fairness. You can easily edit these limits in Keka.

Steps to Edit the Limits

1. Go to: Payroll → Settings

   

2. Click Components → Recurring/Ad-hoc

3. Select the pay component you want to edit, then click the Pen icon.

4. In the pop-up window, update the Maximum Limit per Annum and Section Maximum Limit.

5. Click Update to save the changes.

   

Once updated, both limits will be modified for that component.