Variable component:-
Components like a bonus, incentives, salary advance etc., which are paid once or change month after month are Variable Component. (one-time payment or deduction component)
Go to Settings >> Salary Components and click on New
| Name | Variable component |
| Abbreviation (Short form) | VC |
| Paid Component | Yes |
| Pay Type | Earnings / Deduction |
| Tax Status | Non-taxable/Taxable |
| Calculation Type | Flat |
| Map To | - |
| Round off Value | As per your requirement |
| Component Type | Variable |
| Is FBP component | No |
| Attendance Dependent | No |
| Part of CTC | No |
| Active | Yes |
| Is an FFS component | No |
Note: After creating the component, you will need to assign it to employees by navigating to Employees tab > Payroll Settings > Salary Components and clicking on Pay Allocation so that this becomes a part of their salary.
To know more about allocating salary components, please read How to allocate a pay component in the salary structure of employees.(Click here)