What is family income supplement in SAP PY-FR - France?

SAP Term: family income supplement

• Component: PY-FR

• Component Name: France

• Description: For civil servants in only. Paid by the French government to civil servants who have either full or alternate custody of their children.

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• Key Concepts: 
  Family Income Supplement (FIS) is a component of the French payroll system, PY-FR France, that provides additional financial support to employees with low incomes. It is a tax-free benefit that is paid directly to the employee and is calculated based on the employee's salary and family size. 
  
  How to use it: 
  In order to use FIS, employers must first register with the French government and then submit an application for FIS. Once approved, employers must then calculate the FIS amount for each employee and deduct it from their salary. The employer must then submit the FIS amount to the government for reimbursement. 
  
  Tips & Tricks: 
  It is important to note that FIS is only available to employees who meet certain criteria, such as having a low income and a family size of at least three people. Additionally, employers should be aware that FIS payments are subject to change depending on changes in the employee's salary or family size. 
  
  Related Information: 
  For more information about FIS, employers can visit the French government website or contact their local payroll office. Additionally, employers can consult with a payroll specialist or accountant for advice on how to best implement FIS in their payroll system.