To create a bonus for an employee:
Click Create a new bonus.
On the Create New Bonus page:
Select a Bonus Type from the drop-down list. Click the link under the drop-down box to modify the bonus setup of your organisation.
Enter the bonus amount awarded to the employee in the Bonus Amount text box.
Choose the Bonus Status from the drop-down list.
Choose Yet To Be Paid to schedule the bonus payout for the upcoming month.
Choose Paid Already (Outside XPayroll) to add an externally paid bonus payout.
Select the month and year in Payout Month. If you paid the bonus outside of XPayroll, select the month and year when you paid the bonus.
Choose whether the TDS Deduction happens instantly or on a prorated basis.
Add remarks as applicable.
Click Next →
Add Clawback Rule
Add a clawback rule if applicable when you create a bonus for the employee.
On the Add Clawback Rules page, select if the clawback applies to the employee.
If the clawback rule is applicable, select Yes, I have a clawback rule.
Add the clawback duration in the Number of Months text box. If the employee leaves within these months, the clawback is applicable and is settled during the Full & Final Settlement process.
Click Create Bonus.
