One-time Payments - Razorpay

Use Cases

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:

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.

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.
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.

Make One-time Payments

To make one-time payments:

Log in to the Payroll Dashboard.
Select the employee from the drop-down menu under Who do you want to make the payment to?
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.

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.