Hi Veeram,
I am working with Development team to default the wage type as it will cause problem if I fix the % for FBP. There is a chance of user changing the Basic pay or Variable pay based on the requirement. If I use fixed % of FBP instead of Formula (CTC-(Basic+Variable pay+pf+gratuity) system will still give the fixed % of 49.5 or 49.6% and I want FBP allowance to be defaulted based on Basic and other componennts. Keeping all this in mind I had to go for custom development.
Anyhow thank you very much for the inputs provided.
Regards
Ravi