The normal GOSI Calculation formula used are:
- Saudi Employee
- GOSI Employee Deduction is mapped in the Contracts & Benefits page
- It automatically calculate the value if the attribute selected is ‘GOSI Employee Contribution Local’
- Formula is: (Basic Salary + House Allowance + HRDF) * 0.10
- If NO Housing Allowance then for GOSI Calculation Housing Allowance is treated as (Basic Salary * 2)/12
- If (Basic Salary + House Allowance + HRDF) > 45,000 then
- GOSI Employee Deduction = 4050
- Else
- GOSI Employee Deduction = (Basic Salary + House Allowance + HRDF) * 0.10
- GOSI Employee Deduction is mapped in the Contracts & Benefits page
- GOSI Employer Contribution will come in costing side since it will not affect employee payments
- The calculated value shows in Payroll Process under Save Master stage ‘GOSI Employer Contribution’ column
- Formula is: (Basic Salary + House Allowance + HRDF) * 0.12
- If January Payroll Salary Benefits exists use that else use current benefits for calculation
- If NO Housing Allowance then for GOSI Calculation Housing Allowance is treated as (Basic Salary * 2)/12
- Non Saudi Employee
- GOSI Employer Contribution will come in costing side since it will not affect employee payments
- The calculated value shows in Payroll Process under Save Master stage ‘GOSI Employer Contribution’column
- Formula is: (Basic Salary + House Allowance + HRDF) * 0.02
- If January Payroll Salary Benefits exists use that else use current benefits for calculation
- If NO Housing Allowance then for GOSI Calculation Housing Allowance is treated as (Basic Salary * 2)/12
- GOSI Employer Contribution will come in costing side since it will not affect employee payments