How To Archive Correct Superannuation Calculation With Pre Tax Deduction
Last updated on JULY 14, 2016
Applies to:Oracle HRMS (Australia) - Version 12.1.3 and later
Information in this document applies to any platform.
Find Australian superannuation calculation is wrong when involving Pre Tax Deduction using new element 'Superannuation Pre Tax Salary Sacrifice'.
Super (2639.35) is being calculated as Earnings (27782.67 * .095)
Super should be calculated as (Earnings (27782.67) – Pre Tax Deduction (1351.42)) multiplied by .095 = 2510.97
How to achieve the correct Superannuation calculation in this case?
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