Standard Wage Types That Are Used

What are the standard wage types used in payroll?

By : Snita Shaw 

Basic                      PAY      wage type
Element                    Wage Type Code
Basic                           1000
Dearness Allowance              1010
Canteen Subsidy                 1020
Personal Allowance              1030
Literature Allowance            1040
Superannuation Allowance        1050
Education Allowance             1060
House Rent Allowance            1070
Leave Travel Assistance         1080
Medical Allowance               1090
Washing allowance               1100
Maintenance Allowance           1110
Transport Allowance             1120
CAD/CAM Allowance               1130
Deputation allowance            1140
Car Fixed allowance             1150

                           Recurring Payment &deduction
Element                    Wage Type Code
Special Payment                 2000
Advance Payment                 2010
Loan Payable                    2020
Others                          2030
Notice Pay Payable              2040
Notice Pay Recovery             3000
Others                          3010
Special Deduction               3020
Advance Deduction               3030
Loan Recovery Principal Amt     3040
Additional Payment

Element                    Wage Type Code
Incentive                       4000
Gratuity                        4010
Bonus                           4020
Ex gratia                       4030
Leave Encashment During Ser     4040
Leave Encashment At Saperat     4050
Notice Pay Payable              4060
Special Payment                 4070
Award/ Reward                   4080
Notice Pay Recovery             5000
Advance Deduction               5010
Others                          5020
Tele Phone Bill                 5030
Car Sale                        5040
Loan Recovery Principal Amt     5050
Loan Recovery Interest          5060
Mediclaim                       1160

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