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How to write India Payroll HRA Allowance FastFormula

Discussion in 'Oracle HRMS & Payroll' started by sivakumar999, Mar 21, 2013.

  1. sivakumar999

    sivakumar999 Active Member

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    Hi,

    I am very new to Oracle Payroll Fast Formulas. We are implementing Payroll for India Legislation. I have created House Rent Allowance Element from Element Wizard, and Primary classification as 'Allowances'. System by default created one Fast Formula with Element_Name_ACTEXP_CALC. Please advice me what I should use whether this formula or I should create new Formula Based on the Metro - 50%*Basic sal and NonMetro - 40%*Basic Sal.

    If I create custom fast formula, will it create balances and tax deduction Info.

    Appreciate your quick response.

    Pls mail me @ sivakumar999@gmail.com if you have written fastformulas for India Legislation.

    Thanks & Regards,
    Sivakumar P
     
  2. diwaapps@gmail.com

    diwaapps@gmail.com Active Member

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