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?