Introduction
Welcome to this user-friendly guide that introduces the Employee Benefit Claim feature in Empress. It’s designed with business users in mind, so we’ll be focusing on practical applications and the user interface, rather than technical jargon. This feature is a powerful tool that simplifies how your employees manage and claim their flexible benefits, leading to more efficiency in your business operations.
Introduction: Employee Benefit Claim Feature
The Employee Benefit Claim feature in Empress is a tool designed to streamline the process of claiming benefits and tax exemptions within a company. It’s a crucial feature for businesses, as it allows employees to manage their own benefits, reducing administrative workloads and increasing transparency.
The feature primarily serves two purposes:
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Claim Lump-Sum Benefits: Employees can submit a claim for flexible benefits to be received in one lump sum. This is applicable when the Salary Component is set to Pay Against Benefit Claim.
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Claim Tax Exemptions: Employees can claim tax exemption for flexible benefits that are received pro-rata, as part of their salary. This comes in handy when Deduct Tax For Unclaimed Employee Benefits is checked in Payroll Entry or Salary Slip.
How to Create a New Employee Benefit Claim
Creating a new Employee Benefit Claim is a simple task in Empress. Follow these steps:
- Click on Human Resources on the main menu.
- Select Payroll from the dropdown menu.
- Choose Employee Benefit Claim from the available options.
- Click on New Employee Benefit Claim to start the claim process.
Viewing and Claiming Benefits
Once on the Employee Benefit Claim page, employees can see the amount they are eligible to claim according to their Salary Structure Assignment. They can then enter the amount they wish to receive as part of their next salary. Any remaining amount that the employee did not claim for in a payroll period will be disbursed as part of the last payroll salary.
Important Considerations
Remember, regular tax calculations do not include flexible benefits, as these are typically exempt from tax. However, if there’s a need to tax these components at any time before the last payroll, use the Deduct Tax For Unclaimed Employee Benefits option in Payroll Entry or Salary Slip while processing the salary.
Conclusion
The Employee Benefit Claim feature in Empress enhances the way your business manages benefits and tax exemptions. It’s a user-friendly, efficient tool that empowers your employees, reduces your administrative tasks, and brings transparency to your payroll process. For more resources and support, please visit our Help Center or contact our support team.