Menu Path : Payroll > Employee Details > Employee - Salary Structure > Payouts and Deductions tab
Accessible to : Payroll Manager
On this tab you can create payment or deduction to be done in future on a periodic basis. There are three types of heads you can add
1. Joining Bonus payout - this is a system defined head and using this you can pay the joining bonus in a certain number of months from the month of joining
2. Other payouts - you can schedule other payouts on a periodic basis. you will need to specify the Amount, Frequency and From Month. To Month is optional
3. Deductions - you can schedule periodic deductions
If salary approval process is activated then changes on this tab will need to be approved. These payments / deductions will be done automatically in the payroll and will be visible on the salary slip, salary register.