Hierarchy
⤷ PA-PA-KR (Application Component) South Korea
⤷ PB41 (Package) HR master data: Korea
Basic Data
Data Element | PKR_DEPAM |
Short Description | Contribution Amount |
Data Type
Category of Dictionary Type | D | Domain |
Type of Object Referenced | No Information | |
Domain / Name of Reference Type | WERT11 | |
Data Type | CURR | Currency field, stored as DEC |
Length | 11 | |
Decimal Places | 2 | |
Output Length | 14 | |
Value Table |
Further Characteristics
Search Help: Name | ||
Search Help: Parameters | ||
Parameter ID | ||
Default Component name | ||
Change document | ||
No Input History | ||
Basic direction is set to LTR | ||
No BIDI Filtering |
Field Label
Length | Field Label | |
Short | 10 | Amt. |
Medium | 15 | Deposit Amt. |
Long | 20 | Deposit Amount |
Heading | 14 | Deposit Amount |
Documentation
Definition
Enter the monetary amount that the employee contributes to the Individual Retirement Account (IRA) institution.
Note:
The amount must be not less than a legally required percentage of the total amount for the specified separation payment.
Check the percentage in Customizing for Payroll Korea under Separation Payment -> Define IRA Related Payroll Constants.
Use
In a separation payroll run, the employee's separation payment can come from various channels and for different purposes; each type of separation payment is subject to a defined tax-refund rate. During the payroll run for separation tax deferring (payroll reason 12), the system allocates the IRA contribution to the following separation payments sequentially:
- Legal separation payment from the current company
- Honorable separation payment from the current company
- Legal separation payment from the previous company
- Honorable separation payment from the previous company
For example, an employee received the following payments in a separation payroll:
- Legal separation from the current company: KRW 20,000
- Honorable separation payment from the current company: KRW 30,000
- Legal separation from the previous company: KRW 50,000
The IRA contribution amount is KRW 80,000, which comprises as follows:
- KRW 20,000 from the legal separation from the current company
- KRW 30,000 from the honorable separation payment from the current company
- Another KRW 30,000 from the legal separation from the previous company
Dependencies
Example
History
Last changed by/on | SAP | 20110809 |
SAP Release Created in |