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Pension Process for UAE

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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


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