Bonus

Note: This topic keeps updating whenever a new payroll report is added to Keka

As of now, there are around 50 payroll reports available on Keka with many more coming soon.  To view the available reports, please go to Payroll >> Reports.

Few examples of payroll reports available on Keka:

Payroll:

• Current Salary Structure
• Current Salary With Bonus
• Employees Current CTC
• Expense Claim Report
• Financial Information
• Component break up for each employee (Pay Register)
• Contribution / Deduction Reconciliation Report
• Head Count Monthly Report
• Monthly Batch Payment – Bank Transfer, Cheque, Cash
• Payroll Journal Vouchers Report – Tally
• Salary Revision Report
• All Employee YTD Report

Income Tax:

• Annual Income Tax Report
• Annual HRA Reports
• Investment Declaration Summary Report
• Monthly Income Tax Statement

Provident Fund (PF):

• PF Remittance Report
• PF Monthly Electronic Return (ECR)
• PF Contribution card – Form 6A
• PF Joinee Statement – Form 5
• PF Exits Statement – Form 10
• PF Monthly Statement – Form 12A (Revised)
• Aadhar (UIDAI) submission Form
• PF Summary Report
• PF Arrear Report
• PF Admin Charges Report

Employees’ State Insurance (ESI):

• ESI Monthly Statement
• ESI Monthly Return (Electronic)
• Contribution Register (Form 5)
• ESI Overrides
• ESI Summary Report

Professional Tax (PT):

• PT Monthly Statement
• PT State Wise Report (Form 5)
• PT Override Report

 

If you are looking for any specific report, write to support@keka.com.

Issuing or Adding Bonus to Employee’s Salary

Bonuses can be part of employee’s CTC but might not be paid out on a regular basis. Also, there can be variable bonuses that are paid out based on employee’s and company’s performance, and fixed bonus which are paid out in full.

Example of a variable bonus can be ‘Performance Incentive’, which is paid out (partially or fully) based on company’s and employee’s performance. There can other fixed bonuses such as ‘Retention Bonus’, ‘Joining Bonus’, etc. which are paid out in full based on the negotiation between employee and employer.

Prerequisite: Before issuing bonus, read How do I create bonus?

To issue/add bonus to an employee’s salary, follow the steps below:

Step 1: Go to employee’s profile by typing the employee’s name in the search bar

 

Step 2: Go to ‘Finances >> Pay’ tab on employee’s profile

Under Pay, go to Salary tab and click on ‘Issue Bonus’ button

 

Step 3: On the popup screen that appears, choose Bonus (from dropdown) that is part of employee’s salary, amount that needs to be paid out, and payable month.

In case the status chosen is ‘Pending’, the system will automatically include this bonus during the payable month’s payroll run (and ask for payment confirmation). In case of ‘Paid Outside Keka Payroll’, choose the date on which the payment was made, so that the amount, though won’t be paid using Keka payroll, will be considered for tax calculation (default).

Once done, click on ‘Add’ button to add this bonus to employee’s salary.

This bonus will now be visible on employe’s salary page, along with other details

You can issue as many bonuses as you wish to an employee, there is no limitation to number of bonuses that can be paid out to an employee.

 

In case you are having trouble with issuing bonus to an employee or want to do a bulk bonus assignment to multiple employees, write to support@keka.com.

Creating Bonus

Bonuses can be part of employee’s CTC but might not be paid out on a regular basis. Also, there can be variable bonuses that are paid out based on employee’s and company’s performance, and fixed bonus which are paid out in full.

Example of a variable bonus can be ‘Performance Incentive’, which is paid out (partially or fully) based on company’s and employee’s performance. There can other fixed bonuses such as ‘Retention Bonus’, ‘Joining Bonus’, etc. which are paid out in full based on the negotiation between employee and employer.

To create a new bonus on Keka, follow the steps below:

Step 1: Go to Settings >> Payroll >> Salary Components & Structures

 

Step 2: Under ‘Salary Components & Structures’, go to ‘Adhoc Components’ (Section 3)

 

Step 3: Under Adhoc components, go to 4th section  ‘Bonus’ and click on ‘Add Bonus’ link to add a new Bonus.

 

Step 4: On the popup that appears, add Bonus name and description for easy identification. Click on ‘Save’ button when done.

Once done, you will be able to see the newly added bonus in the list of Bonuses.

Once done with creating bonus type, click on ‘Continue’ button to finish adding Bonus(s).

Next Step: To issue bonus to your employees, see How do I issue bonus to my employees?

 

In case you are not able to create/issue bonus to your employees, write to support@keka.com.