Recording rent free accommodation details

Employee Perquisite Details - A summary of the activity

Page objective

What you can do in this page

Glossary

Basics of using a Ramco Enterprise Series web page

Using online hlep

 

The “Rent Free Accommodation” page appears.

The system displays the following.

Date format

The date format applicable to the login user.

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Employee Tax Data Unit

The tax unit selected in the previous page.

Tax Year

The tax year selected in the previous page.

Employment Unit

From the drop-down list box, select the employment unit for which, you require to record the rent free accommodation details.

Default from Tax Year

From the drop-down list box, select the tax year for which the accommodation details have already been defined.  

To retrieve accommodation details of any previous tax year

The system retrieves the accommodation details of the selected tax year in the “Accommodation Details” multiline. You can update the accommodation details of the employee for the current tax year.

To record accommodation details of employees

Employee Code

The unique code that identifies an employee.

Help available

Accommodation Type

Select the accommodation type that has been provided to the employee.

The drop-down list box lists all the accommodation types mapped to the selected employee tax data unit. The accommodation type is defined in the “ Perquisites Setup” activity.

From Date

The date from which the accommodation is given to the employee. Note that the system displays the start date of the current tax year, if the accommodation details are retrieved from a specific tax year.

To Date

The date until which the employee uses the accommodation provided by the company.

Actual Cost (Rent/Lease/License Fee/Hotel Exp.)

The actual amount paid by the company for the accommodation.

Total cost of Furniture

The total amount paid by the company on furniture.

Furniture Hire Charges

The rent paid by the employer, if the furniture is hired.

The system displays the following in the mulitline.

Employee Name

The name of the employee.

The system authorizes the perquisite allowances of the employees.

To modify a rent free accommodation record

Status

From the drop-down list box, select the status  “Authorized”.

To specify filter criteria

Use this method, if you know just a few characters of the employee code. In the filter criteria group box, specify the filters based on which the system will fetch the records.

To specify the filter criteria, you must enter one or more characters that the employee code contains. Search based on wild card characters is also supported.

Employee Code

To view all the employee codes containing specific characters, type in the starting character or characters of these employee codes

 

Alternatively, type in these characters in any combination with wild cards. Example:  ECC1*, will search for those employee codes that start with ECC1. Other examples are *ECC1 and EC*C1

Employee Name

To view all the employee names containing specific characters type in the starting character or characters of these employee names

 

Alternatively, type in these characters in any combination with wild cards. Example:  To get Jonathan, type in JO*, to search for those employee names that start with JO. Other examples are *NATHAN, JO*AN, and JONATH*

The system displays the details in the multiline, for the employee records that satisfy the search criteria specified. You can modify any or all of them.

Note: If only one filter criteria value is entered, the system will fetch the records that satisfy this value. If more than one filter criteria value is entered, the system will fetch the records satisfying all the specified values. If you do not enter any value in the filter criteria group box and select the “Get” pushbutton, the system will fetch all the records that are available for the selected employee tax data unit and employment unit.

To delete accommodation details

The system deletes the record from the multiline.

To update the rent free accommodation perquisite details

Backdated Trigger

 From the drop-down list box, select any one of the following options.

  • “Yes” to indicate that the system must recompute the perquisite allowances for the specific period.

  • “No” to indicate that it is not necessary to recompute the perquisite allowances for the specific period.

  •  “Not Applicable” to indicate that no erroneous computation was done for the selected employee during the specific period.

The system recomputes the rent accommodation perquisite allowances of the employees for whom the Back Dated Trigger has been set to “Yes” for the specific period.

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6      Hyperlinked topics below

Page objective

Use this page to record, modify or delete the details of the accommodation extended to the employee by his/her employer.

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What you can do in this page

To retrieve accommodation details of any previous tax year

To record accommodation details of employees

To modify a rent free accommodation record

To specify filter criteria

To delete a record

To update the rent free accommodation perquisite details

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