ndia Specific Bonus Calculations (HINCBON0)

Purpose
This function enables the calculation of employee bonus. This is a non-statutory report, which
you can run for the payment of bonus.
Using the report, you can also compute bonus for ex-employees.
Requirements
You must maintain the Organizational Assignment Infotype (0001), Planned Working Time
Infotype (0007) and Basic Pay Infotype (0008).
You must maintain the Evaluation Class 10 for all wage types, which constitute in the Monthly
Basis Salary for Bonus calculation prior to the Bonus run.
Payment wage type should be eligible for Additional Payments Infotype (0015) or One-Time
Payments Off-Cycle Infotype (0267) or both.
Features
This report calculates the bonus payable to an employee and generates a batch session.
Running the batch session updates the Additional Payments Infotype (0015) or One-Time
Payments Off-Cycle Infotype (0267) or both.
Selection
You can restrict the employees selected to an individual, or a range of:
Personnel number
Personnel area, Subarea
Employee group or subgroup
Payroll area
The bonus calculation can be configured by:
Bonus calculation period
Basis salary for bonus, which can be an Annual Basis Salary, or a Monthly Basis Salary.
Annual Basis Salary - The salary basis for bonus includes the wage types that you have entered
in the Wage Type field. The report displays the Wage Type field only when you select the Annual
Salary Basis option. Bonus computations are typically performed as per the Payment of Bonus
Act (POBA). You however, have the option of also computing bonus in excess of the amount
computed using POBA. Also, you can specify a maximum monthly basis amount to be
considered while calculating the bonus.
Monthly Basis Salary - The salary basis for bonus includes all the wage types that exist in the
Basic Pay Infotype (0008) on the specified Date of Basic salary, and having the Evaluation Class
10, Specification 1.
Factor to calculate Bonus
For Annual Basis Salary computations, you must specify the factor as a percentage, and the
report computes the bonus as a percentage of the annual basis.
For Monthly Basis Salary, you must specify the factor as number of months, and the report will
compute the bonus in multiples of the monthly basis salary.
The payment information can be configured by:
Wage type for storing the bonus amount in Additional Payments Infotype (0015), One-Time
Payments Off-Cycle Infotype (0267) or both, depending on the type of payroll run. You can select
the wage type in the Wage type for IT0015/IT0267 field.
Reason for bonus