Components | Gross Up Components
Overview
Gross up components allow you to process earnings that the employee should clear without any tax deductions. The goal is to remunerate an agreed net amount as opposed to an amount prior to the tax deduction. Since taxable income is taxed by law, you will post the value and the system will automatically gross up the earning. This will result in the employee receiving the full amount after the tax deduction.
Edition
This feature is available on Lite / Premier and Master editions.
Navigation Path
Navigate > Config > Payroll > Payroll Config > Payroll Components
Details
Example: Gross Up Regular
The Gross up Regular Component can be added from the Payroll Components Screen.
Select to add a new component.
Add and save the component.
Example: Gross Up Regular with Recovery
The Gross up Regular with Recovery Component can be added from the Payroll Components Screen.
Select to add a new component.
Add and save the component.
Related Articles
How do I configure the system to calculate gross up components after all other components?
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This feature is available on all PaySpace editions. To summarise the tax result values of multiple gross up components into one value if multiple gross up components are posted, enable the following setting under the Gross Ups section on the ...How do I configure the system to calculate Gross Up components only using certain specific component codes?
This feature is available on all PaySpace editions To calculate gross up components only using certain component codes, specify the component codes in the "Only gross up these special component codes" field on the Calculation Settings screen. ...How does the system calculate a gross up portion?
This applies to all PaySpace editions. The system calculates gross-ups as follows: 1. Calculate gross-ups after all other components: When calculating the gross-up portion, the system will take into account other taxable income to ensure that the ...Components | The Payroll Components Screen
Overview The Company Payroll Components screen stores a library of payslip actions a company requires on employee level. This includes automatic components (that will automatically populate/calculate on the Edit Payslip screen every period), and ...