Payroll Processing > System Items – Allowances > Broad Based Employee Share Plan

SimplePay has a built-in system item to accommodate for the tax and reporting requirements related to any amount received by or accrued to the employee during the year from any gain made from the disposal of any qualifying equity share or any right or interest in a qualifying equity share.

To add this item to an employee’s payslip:

  1. Go to Employees on the left-hand menu and select the relevant employee.
  2. Click on Add next to Payslip Inputs.
  3. Select Broad Based Employee Share Plan under Allowance.
  4. Enter the amount received or accrued as a result of the gain.
  5. Click Save.
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