Revision: 727c5a4647
Edited ByondHR Payroll Management
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-To process Payroll in Frappe HR,
+To process Payroll in ByondHR,
-Define Payroll Period (optional)
-Define Income Tax Slab (optional)
-Create Salary Structure with Salary Components (Earnings and Deductions)
-Assign Salary Structures to each Employee via Salary Structure Assignment
-Generate Salary Slips via Payroll Entry.
+ 1. Define Payroll Period
+ 2. Create new Salary Structure (optional)
+ 3. Create Salary Structure with Salary Components (Earnings and Deductions)
+ 4. Assign Salary Structures to each Employee via Salary Structure Assignment
+ •5. Generate Salary Slips via Payroll Entry.
+
+### Payroll Period
+Payroll Period, in ByondHR, is a period for which Employees get paid for their occupation with the Company. Payroll period helps you define Tax slabs applicable for the period, making it easier to manage changing laws.
+
+### Salary Component
+This document allows you to define each Earning and Deduction component which can be used to create a Salary Structure and subsequently create Salary Slip or Additional Salary. You can also configure the type, condition and formula as well as other settings which are discussed below. You should be able to enable various combinations of the following options to configure each component as it fits your Company / Regional policies.
+
+### Salary Component in Malaysia
+The payroll system in Malaysia is broadly similar to a lot of countries. The primary components of an employee’s salary in Malaysia include basic pay, allowances, perquisites, overtime, and incentives. Besides, both the employer and employee contribute to the payroll, which is deducted from the employee’s gross salary.