Hi Guru,
I have one Scenario for UAE Pension Deduction..
For UAE nationality: pension deduction for employee is 05% and from employer side is 12%
The deduction will be on five components like : basic ,hra, cola, transport and others.
EX: in 2014 my monthly salary is 10,000.
Basic: 1000
Hra: 1000,
Transport : 1000
'Cola: 1000 '
Others 1000
UAE Local Allowance = 5000
So calculation of deduction will be on (basic, hra,transport,cola and others).
And if emp get Increment in 2014, then Monthly CTC will be changed. SO Monthly CTC became :20,000
After increment : Basic: 2000, HRA: 2000, TRANSPORT:2000 COLA: 2000, OTHERS=2000 and UAE Local Allowance = 10,000
Then calculation of Pension will be done on previous Monthly CTC(10,000) like: Basic=1000, hra-1000, transport =1000 cola=1000 and others=1000.
How can i achieve this thing into system....
Please advice GURU.........
Regrads,
Sharma