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Basic Pay calculation

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Hi Guys,

 

I am seeking your help in regards to basic pay calculation for IT 0008. The Problem I am facing is whenever I am entering annual salary, the basic pay wagetype gives the incorrect amount. Suppose if i enter 5000 USD as the annual salary, then 416.6 should be the amount for the basic pay wage type in IT0008. But, this is not the case here. This i am facing with few employee subgroup's. Can you please let me know if anything i am missing?

 

Cheers


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