You must consider taxable benefits in kind as taxable income that you do not pay along with the employee's salary. Oracle HRMS supports the calculation of benefits in kind.
Create the necessary legal employers.
Enter the company car benefit information through the Vehicle Repository self-service page. If you do not enter the vehicle allocation information here, then you can enter it in the Company Car element.
Ensure that all benefits in kind elements have the primary classification as Benefits in Kind.
See: Defining an Element
Select the benefit type through the Further Element Information descriptive flexfield, if you are entering information for other employee benefits. Define these elements with Termination as Actual Termination. You use this information to report on benefits that have no tax implications.
Link the necessary elements to your payroll.
Enter the required elements for the employee's assignment.