One-time Payments
Explore the use cases and taxes applied to make one-time Payments in RazorpayX Payroll.
With Payroll, you can make one-time payments to your employees outside the monthly payroll process.
One-time payments are beneficial when your employee is:
- Remunerated for an ad hoc project.
- Receives a performance incentive or other bonuses like a retention/joining bonus.
Watch Out!
You must NOT use one-time payments for the following:
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Not for salary payouts: Do not make salary payouts such as the following using one-time payments:
- Run payroll for just one employee.
- Disburse your employee's last salary.
- Pay employee's skipped salary.
- Clear any outstanding salary arrears.
If any salary component is yet to be paid to your employee, add it to the immediate next payroll cycle.
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Not for compliance payments: PF, TDS, PT and other compliance components are a part of the payroll process, and you must process them in Run Payroll.
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Not for paying Advance Salary: The amount paid to employees using one-time payments gets added to their next gross pay and causes double entries and errors.
To make one-time payments:
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Log in to the
. -
Select the employee from the drop-down menu under Who do you want to make the payment to?
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Select Component:
- Half Yearly Bonus: Prorated Tax deduction
- Incentive: Instant tax deduction
- Yearly: Instant tax deduction
Watch Out!
- Prorated Tax Deduction: Tax is spread across remaining months of the financial year, reducing immediate tax impact on employees.
- Instant Tax Deduction: Full applicable tax is deducted immediately in the same payment cycle.
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Add the amount payable in the Total Amount field.
- You can view the status of the one-time payment on the queue bar displayed on the screen or in the bottom right under the Queued One-time payments section.
- To check the history of all one-time payments, click on the Ledger section on the page.
- The one-time payment will reflect in the upcoming month's payslip for the employee. Tax is deducted as applicable if you have selected to deduct tax in the future payroll.