Salary Structure Components

Learn how to configure and customize Salary Structure Components in the TankhaPay Business Portal using the Onboarding Assistant. In this video, we demonstrate how to manage earning components that form the foundation of your organization's salary structure. Easily view, edit, and customize salary components to match your company's payroll policies and statutory requirements. You'll learn how to:

• Access the Salary Components section from the Onboarding Assistant
• View earning components such as Basic Salary, HRA, Special Allowance, Conveyance, Medical Allowance, and more
• Edit component names to suit your organization's salary structure
• Configure custom allowances based on business requirements
• Set calculation percentages for salary components
• Define whether components are applicable for EPF and ESIC contributions
• Activate or deactivate salary components as per your company policy
• Save and apply updated salary structure settings
  A well-configured salary structure ensures accurate payroll processing, statutory compliance, and flexibility in designing compensation packages.