Need To Be Able To Configure the System To Include Or Exclude An Earnings Or Deductions Element From Various Base Calculations
(Doc ID 1584802.1)
Last updated on NOVEMBER 02, 2020
Applies to:Oracle HRMS (China) - Version 12.1.3 and later
Information in this document applies to any platform.
There is a need to have PHF SI deductions for all earnings and annual bonus together (not just earning). But you cannot define the annual bonus to earning element since the tax is different on earning and bonus:
1) element with Taxation Earning classification - the tax on earning will be based on tax rate (for example, Tax in Beijing is 0.3%).
2) element with Annual Bonus classification - the tax on annual bonus will be based on bonus tax rate (for example 0.1% in Beijing)
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