What is Employee Benefit in ERPNext?
Employee Benefit in ERPNext manages flexible benefit components (HRA, LTA, medical) that employees can claim against their salary structure.
What are Employee Benefits?
Employee Benefits are salary components (HRA, LTA, food coupons) that are paid as reimbursements against submitted claims rather than as fixed monthly amounts.
Flexible Benefit Plan
ERPNext supports Flexible Benefit Plans where employees allocate their benefit budget across eligible components. Unutilised benefits are paid out as taxable income at year-end.
Claim Process
Employees submit Benefit Claims with supporting documents. HR approves and the amount is included in the payroll run for that month.
Infonoxe Technologies specialises in ERPNext implementation and custom software for Indian businesses.
Implement ERPNext for Your Business
Expert ERPNext implementation, customisation, and support for Indian businesses.