How do I configure a Taxable Recurring Bursary component?

This feature is available on all PaySpace editions

The Taxable Recurring Bursary component has to be configured on company level before it can be linked to an employee.

Step 1: Search for and create the taxable bursaries component.

      Navigate > Configuration > Payroll Config > Payroll > Payroll Config > Payroll Components

      

      

      

Step 2: Add the component to the employee's Fringe Benefits section on their Edit Payslip or Recurring Payroll Components screens.

      Navigate > Employee > Payroll Processing > Edit Payslip > Fringe Benefit

       or

      Navigate > Employee > Payroll Processing > Recurring Payroll Components > Fringe Benefit

     

• Related Articles

• How do I configure a Non Taxable Recurring Bursary component?

  This feature is available on all PaySpace editions The Non-Taxable Recurring Bursary component has to be configured on company level before it can be linked to an employee. Step 1: Confirm the NQF Level of the bursary and add the relevant NQF level ...

• How do I configure an Automatic Bursary and Scholarship component for NQF level 5 and above?

  This feature is available on all PaySpace editions The Automatic Busaries and Scholarships NQF Level 5 and above component has to be configured on company level before it can be linked to an employee. Step 1: Confirm the NQF Level of the bursary and ...

• Payroll Processing | Recurring Payroll Components

  A Recurring component refers to a regularly appearing component in an employee's payroll that is a part of the employee's regular compensation package. These components are calculated and included in each pay period, and are an essential part of an ...

• How do I add the Free or Cheap Accommodation Fringe Benefit (New) component?

  This feature is available on all PaySpace editions. Free or Cheap Accommodation refers to providing an employee with residential accommodation, whether at no cost or for a lower amount than its determined rental value, results in a taxable fringe ...

• How do I edit the Medical Aid Fringe Benefit component?

  This feature is available on all PaySpace editions. The Medical Aid Fringe Benefit component cannot be edited via the Edit Payslip screen, as it is an statutory component. A Medical Aid Fringe Benefit Adjustment component can be created and added to ...