How to add/change the formula of a component in the salary structure

On Keka, you can easily modify your salary structure by adding or changing formulas for components. For example, you can add a new component as 10% of the employee’s Basic Pay using formulas.

Here’s how to modify the formula for a salary component in Keka:

Steps to Change the Formula of a Component

1. Navigate to Payroll → Settings 

2. Go to the Pay Groups tab.

3. Select the relevant pay group from the list.

4. Click on the Configure icon next to the selected pay group.

   

5. In the next window, click on the Salary Structure tab.

6. Select Edit Salary Structure.

   

7. Choose the Salary Structure you want to edit.

8. From the left pane, select the Component you want to change.

   

9. Click on Edit Formula 

10. The Update Value page will appear, allowing you to change the formula for the component.

    • You can use any of the defined Salary Components and calculate the value of the component based on these.

      

11. After updating the formula, click Update to save your changes.

Formula Guidelines:

• Use 'Standard JavaScript' notation for formula expressions. For example:

  • Use asterisk (*) for multiplication.

  • Use forward slash ( / ) for division.

• Component Names: All component names in the formula should be enclosed in square brackets, like [CTC].

• Arithmetic Operations: Use curved brackets for operations, for example, ( [CTC] * 10 / 100 ).

• Order of Operations: Ensure you follow BODMAS (Brackets, Orders, Division, Multiplication, Addition, Subtraction) when creating formulas.