A flexible benefits plan (FBP) means customizing the salary breakup of the employees to achieve maximum tax benefits.
The admin must consider the employees' FBP declaration, and re-process the salary for the FBP entitlement to reflect on the FBP Planner page.
To process the salary of an employee, the admin must perform the following actions:
- From the greytHR Admin portal, navigate to Payroll > Payroll Inputs > Salary. The Salary page opens.
- From the Search employee search box, search for the employee for whom you want to process salary.
- From the Component Group, ensure the salary components are correct.
- Click Process Payroll to process the salary.
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Related Links:
Video -
- To watch video on Create and release FBP declaration for employees, click here.
- To watch video on Declare FBP on behalf of an employee, click here.
FAQs: To read more FAQs about FBP, click here.
Documentation -
- To learn how to create and release FBP, click here.
- To learn how to declare FBP on behalf of an employee, click here.
- To learn how to create new FBP policy, click here.
Product Update: To read about the product update, click here.
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