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PYOM_V_T7OM16 - Assign Wage Types to the Fund Type for Base Calculation

PYOM_V_T7OM16 - Assign Wage Types to the Fund Type for Base Calculation

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In this Customizing activity, you specify the wage types, their contribution percentage, and for whom (that is, employee or employer or both) the contribution is made, which the system considers when calculating the contribution base for the Employment Security Scheme fund type.

This enables the Oman base contribution calculation (OMSIB) payroll operation to calculate the contribution base.

You have maintained the Oman Employment Security Scheme (0007) fund type in Customizing for Payroll Oman under Social Insurance -> Maintain Employment Security Scheme Fund Type Details (V_T7OM02 view).

  1. Choose New Entry.
  2. Specify the fund type.
  3. Specify the wage type.
  4. Specify the start and end dates for the validity of this information.
  5. Specify how much percentage of the wage type is considered for the contribution base.
Note: If no contribution percentage is maintained for a record, the system considers it as 0.
  1. Specify whether the contribution is made towards only the employee, only the employer or both.

Note:

  • If for a payroll period more than one record for fund type 0007 is maintained in this view, only the latest entry is considered for calculations.
  • If no records for fund type 0007 are maintained in this view, the contribution base for the employee (/204) and the employer (/205) are considered as 0.






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