Preventing a click in beneath element of a link in JQuery

Let's say you have an structure in which an element contains another, and both will trigger a different action when clicked. How do you avoid that the beneath element triggers its action when the above element is clicked?

This div has a click action
This link has a click action

To prevent that, you can assign a class to the inner element, and then adjust your JQuery code as follows:

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<script>
$(function(){
    $("#beneathelement").on("click", function(e){
        e.preventDefault();
        if(e.target.className.indexOf("innerclass") < 0){ //this does the trick
            alert('beneath clicked');
        }
    });
    $("#aboveelement").on("click", function(e){
        e.preventDefault();
        alert('above clicked');
    });
});
</script>

<!-- below is the HTML code for the elements -->
<div id="beneathelement">
    <p>This div has a click action</p>
    <a href="#" id="aboveelement" class="innerclass">This link has a click action</a>
</div>